_____ Consists of the Processes a Company Uses to Track

question 117

Multiple Choice

_____ consists of the processes a company uses to track and organize its contacts with consumers.

• A)Customer relationship management
• B)Production management
• C)The partnership model
• D)The strategic management model

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Definitions:

Accounts Payable

Accounts payable is an accounting term for the outstanding bills or debts a company owes to suppliers or vendors for goods or services received.

Operating Cycle

The operating cycle is the amount of time it takes for a company to purchase inventory, sell it to customers, and collect the cash from these sales, reflecting the efficiency of a company's operations.

Accounts Receivable Period

The average number of days that a company takes to collect payments from its credit sales.

Inventory Period

The duration of time it takes for a company to turn its inventory into sales, typically measured in days.