When the Customer Says They Are Satisfied with Their Present

question 74

Multiple Choice

When the customer says they are satisfied with their present product,appropriate method to over come this concern would be:

• A)indirect method
• B)combination method
• C)superior benefit method
• D)direct denial
• E)postpone method

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Definitions:

Indirect Method

A method used in cash flow statements where net income is adjusted for items that affected reported net income but did not result in an actual cash flow.

Direct Method

A cash flow statement presentation that lists actual cash inflows and outflows from operating activities.

FASB

The Financial Accounting Standards Board (FASB) is an organization responsible for establishing and improving financial accounting standards in the United States.

Net Cash Flow

The total amount of money being transferred into and out of a business, especially as affecting liquidity.