Discuss the Roles for Customers Identified by Gersuny and Rosengren

question 45

Essay

Discuss the roles for customers identified by Gersuny and Rosengren.

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Definitions:

Products

Items or services that are created or provided by a business for sale to customers.

Customers

are individuals or entities that purchase products or services from a business.

Ethical Conduct

Behavior that is consistent with principles of moral and ethical standards, which guide decision-making and actions.

External User

External User refers to individuals or entities outside of a company who use its financial statements to make decisions, such as investors, creditors, and regulatory agencies.