Revenue Should Be Recognised When

question 20

Multiple Choice

Revenue should be recognised when:

• A) i and ii only
• B) i and iii only
• C) ii and iii only
• D) i, ii and iii

---

Definitions:

Logistics

The management of the flow of goods, services, and information between the point of origin and the point of consumption to meet customer or corporation requirements.

Place

In marketing, "Place" refers to one of the four Ps (Product, Price, Place, Promotion), encompassing distribution channels, locations, or online platforms where a product or service is made available to consumers.

Human Need

A basic requirement human beings need to survive and function, such as food, water, shelter, and clothing.

Personality

The combination of characteristics or qualities that form an individual's distinctive character and influence their behaviors and attitudes.