Special Interest Groups and Regulatory Bodies Are ____ Forces That

question 54

Multiple Choice

Special interest groups and regulatory bodies are ____ forces that must be taken into account in international marketing.

• A) socioeconomic
• B) technological
• C) economic
• D) social and ethical
• E) political and legal

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Definitions:

Sales on Account

Transactions where goods or services are sold and payment is deferred to a future date, typically recorded as accounts receivable.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered or used but not yet paid for.

Operating Cycle

The duration between the acquisition of inventory and the collection of cash from receivables, indicating the time needed to sell inventory and collect cash.

Inventory

The cumulative quantity of products and materials in a company's possession intended for either direct sale or use in manufacturing.