As Americans Have Become More Concerned with Health and Fitness,the

question 88

Multiple Choice

As Americans have become more concerned with health and fitness,the number of health clubs has increased.This is an example of a trend in the ________ environment.

• A) competitive
• B) technological
• C) sociocultural
• D) political-legal

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Definitions:

Expected Sales

The projected amount of sales that a company anticipates to achieve within a specific period.

Average Collection Period

The average number of days it takes a company to receive payment after a sale has been made.

Operating Cycle

The period between the acquisition of inventory and the collection of receivable generated from sales, reflecting how long it takes for a business to convert its inventory into cash.

Cash Collections

The process of gathering and managing the cash received from customers or clients.