Which of the Following Is the Primary Reason Why American

question 21

Multiple Choice

Which of the following is the primary reason why American goods became dominant products in Europe in the 1920s?

• A)The World war had destroyed the industrial production of Europe.
• B)In America, there was an increase in union membership.
• C)Elite European customers could afford to buy imported American goods.
• D)The industrialists in Europe found it cheaper to import products than to manufacture them.
• E)America offered a considerable discount on bulk purchase to promote its goods.

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Definitions:

Inventory

Inventory represents the goods and materials that a business holds for the ultimate goal of resale or production, encompassing raw materials, work-in-progress, and finished goods.

Accounts Receivable Turnover

A financial ratio indicating how many times a company collects its average accounts receivable during a period.

Accounts Receivable

Debt that customers hold towards a business for received goods or services which remain unpaid.

Cash Sales

Transactions in which the buyer pays the seller immediately with cash or other forms of immediate payment.