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Margie's Flower Shop is interested in improving her performance in the financial area.This interest came about after Margie had her year-end financial statements prepared and, although she was profitable, her cash flow was inadequate.Margie has discussed her problems with her neighboring store, an auto supply retail store.
Required:
List five financial processes that Margie and the auto supply business have in common.
Discretionary Product
A non-essential good or service purchased with disposable income, often subject to personal tastes and economic conditions.
Shopping Product
Goods that a consumer, in the process of selection and purchase, characteristically compares on such bases as suitability, quality, price, and style.
Convenience Product
A consumer item that is widely available and purchased frequently with minimal effort.
Unsought Product
A type of product that consumers typically do not think of buying until a need arises or they are made aware of it through advertising.
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