Which One of the Following Statements by a Company President

question 156

Multiple Choice

Which one of the following statements by a company president best reflects the marketing concept?

• A) We have organized our business to make certain that customers get what they want.
• B) We believe that the marketing department must organize to sell what we produce.
• C) We have organized an aggressive sales force in our company to promote our products.
• D) We try to produce only high-quality, technically efficient products.
• E) We try to encourage company growth.

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Definitions:

Straight-Line Depreciation

Straight-line depreciation is an accounting method wherein an asset's cost is evenly distributed over its estimated useful life, leading to a consistent depreciation expense each year.

Salvage Value

The calculated return value of an asset at the end of its functional life.

Useful Life

The period over which an asset is expected to be useful in the operations of a business.

Plant Asset's

Tangible assets that are used in the operation of a business and are not intended for resale, such as machinery, buildings, and equipment.