Which of the Following Is Consistently Cited by Customers as One

question 50

Multiple Choice

Which of the following is consistently cited by customers as one of the primary reasons they stopped buying from a company?

• A) Poor location of the store
• B) Poor service
• C) High prices
• D) Poor product quality
• E) Lack of choices

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Definitions:

Posting

The process of recording financial transactions in the appropriate accounts in the ledger of a business.

Prepaid Insurance

An asset account representing the advance payment for insurance coverage, which will be expensed over the period of coverage.

Insurance Premiums

Payments made to an insurance company in exchange for coverage, which can be paid monthly, quarterly, or annually.

Insurance Expense

The cost reported by a company for premiums it pays on its insurance policies, covering risks such as property damage, theft, or liability.