Now Circuses Are Trying to Satisfy Customers' Needs and Wants

question 127

Multiple Choice

Now circuses are trying to satisfy customers' needs and wants and to profit through customer satisfaction.What type of orientation have they adopted?

• A)societal
• B)selling
• C)production
• D)market

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Definitions:

Multiple-Step Income Statement

An income statement that separates operating revenues and expenses from non-operating items to calculate net income in several steps.

Income From Operations

Financial gain accruing from the essential operations of an enterprise, without taking into account interest and tax deductions.

Net Income

The company's net earnings following the deduction of all expenses and taxes from its gross revenue.

Single-Step Form

A simplified income statement format that consolidates all revenues and expenses into single categories to calculate net income.