Identifying Customers Is a Responsibility of the ________ Function

question 15

Multiple Choice

Identifying customers is a responsibility of the ________ function.

• A) finance and accounting
• B) human resources
• C) manufacturing and production
• D) sales and marketing

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Definitions:

External Benefits

Benefits resulting from a transaction that affect parties not directly involved in the transaction, often leading to positive outcomes for society.

External Costs

Costs of a transaction or activity that affect third parties who did not choose to incur that cost, often seen in environmental pollution.

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and a product for which there are many substitutes.

External Benefit

A benefit that people other than the consumer or producer enjoy, resulting from a transaction or activity.