Emma Knows That a Potential Customer Has Four Basic Qualifications

question 17

Multiple Choice

Emma knows that a potential customer has four basic qualifications:
1) they need the product,
2) they are able to afford the purchase
3) they are willing to buy the product,and
4) :

• A)they will use the product.
• B)they will refer others to buy the product.
• C)they will return for other products.
• D)they are authorized to buy the product.
• E)they are part of a buying centre.

Understand the concept and application of cross-classification tables in analyzing relationships between two nominal variables.

Interpret the relationship between gender and various factors through cross-classification tables and graphical representations.

Construct and interpret frequency distribution tables, pie charts, and bar charts.

Identify whether two nominal variables are related or not based on different analytical methods.

---

Definitions:

Net Assets

The total assets minus total liabilities of an entity, representing the owners' equity.

Fair Value

The approximate cost at which an asset or liability might be traded between informed, consenting parties in a transaction without any prior relationship.

Subsidiary's Net Assets

The total assets minus the total liabilities of a subsidiary, representing the net worth of the subsidiary from the perspective of a parent company.

Carrying Amount

The value of an asset or liability as recorded on the balance sheet, taking into account depreciation, amortization, and impairment losses.