Nalpas Inc

question 20

Multiple Choice

Nalpas Inc.,an apparel company,manufactures clothes for men,women,and children.It further divides its core customers on the basis of demographic variables such as income,ethnic background,and family life cycle.These divisions are known as _____.

• A)​positioning bases
• B)market segments
• C)perceptual maps
• D)market positions​

Understand the principles and conditions for revenue recognition.

Grasp the methods of recording transactions involving revenue.

Differentiate between various types of revenue recognition scenarios.

Comprehend the significance of performance obligations in revenue recognition.

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Definitions:

Tactful

Being able to perceive a situation and know the right thing to say or do. Tact is especially difficult and important when dealing with ill people.

Perceive

To become aware or conscious of something through the senses, especially the ability to see, hear, or become aware of something by touching or feeling.

Adaptable

Having the ability to adjust or modify oneself to different conditions or environments.

Adjust

To change something slightly to make it more suitable, effective, or appropriate.