To Avoid the Pitfall of "No Market Niche" (Segment), Do

question 1

Multiple Choice

To avoid the pitfall of "no market niche" (segment) , do what?

• A) conduct a market analysis
• B) imitate the competition
• C) clearly target a niche
• D) create a market niche

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Definitions:

Net Realizable Value

The estimated selling price of inventory in the ordinary course of business minus any costs of completion, disposal, and transportation.

Allowance for Doubtful Accounts

This is a contra account that reduces accounts receivable to reflect the estimated amount of debts that may not be collected.

Accounts Receivable

Financial obligations of customers to a firm for delivered or utilized goods or services that remain unpaid.

Direct Write-off Method

An accounting method where uncollectible accounts receivable are directly written off against income at the time they are deemed uncollectible.