Which of the Following Is True of a Goods and Services

question 20

Multiple Choice

Which of the following is true of a goods and services spectrum?

• A)It dictates whether people should opt for goods or services.
• B)It lets the marketer estimate the prices that should be associated with goods and services.
• C)It highlights similarities between goods and services.
• D)It provides a tool for analyzing the relationship between goods and services.

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Definitions:

Cash Sales

Cash sales refer to transactions where payment is made in cash at the time of sale, without deferral.

Petty Cash Account

A small amount of cash kept on hand for minor or incidental expenses, managed through a specified fund.

Purpose

The reason for which something is done or created or for which something exists.

General Journal Entry

A general journal entry is a record of financial transactions that includes details such as date, accounts impacted, amounts, and a brief description of the transaction.