Which of the Following Is an Example of an External

question 3

Multiple Choice

Which of the following is an example of an external customer of a furniture retailer?

• A) A leather lounge suite supplier
• B) A sales person
• C) A contract delivery driver
• D) A consumer purchasing a new lounge suite
• E) The manager of despatch department

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Definitions:

Commercial Banks

Financial institutions that provide various financial services, including deposit accounts, loans, and currency exchange.

Credit Market

A financial market where borrowers can obtain funds from investors, encompassing all transactions involving lending and borrowing.

Legal Claim

A formal assertion of one's right, typically in court, to secure a remedy or enforcement by legal means.

Cash Flows

The total amount of money being transferred into and out of a business, particularly in terms of liquidity.