Organizations Such as Amazon

question 207

Multiple Choice

Organizations such as Amazon.com, Google, Facebook, and Priceline.com are examples of firms that are based on:

• A) digital technology.
• B) tangible output.
• C) direct contact with customers.
• D) mechanistic technology.
• E) products rather than services.

Understand the basic concepts of accrual and cash basis accounting.

Identify and apply the principles of revenue recognition and expense recognition.

Describe the purpose and process of adjusting entries in financial accounting.

Calculate net income under both accrual and cash basis accounting.

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Definitions:

Regional Consumer Needs

Refers to the specific preferences, demands, and requirements for products and services within a distinct geographic area.

Marketing Strategies

The comprehensive plan formulated by a company to identify and communicate to a target audience, and persuade them to buy its products or services.

Global Image

The perception of a company or brand by consumers and other stakeholders around the world.

Push Marketing

Marketing efforts designed to actively push a product through the channel of distribution, starting with the producer, moving through the distribution partners, and finally reaching the consumer