In Order to Be Considered a Market,people Do Not Have

question 105

Multiple Choice

In order to be considered a market,people do not have to have

• A)a need or desire for a particular product.
• B)the ability to purchase the product.
• C)discretionary income to purchase the product.
• D)the willingness to use their buying power.
• E)the authority to buy the specific products.

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Definitions:

Financial Position

The status of the assets, liabilities, and equity of an entity as reflected on its financial statements at a specific point in time.

Apparent

Clearly visible or understood; obvious.

Average Collection Period

The average number of days it takes for a company to receive payments owed by its customers.

Trade Credits

An agreement where a buyer is allowed to purchase goods or services and pay the supplier at a later scheduled date.