Which of the Following Statements Best Describes a Sales-Oriented Business

question 51

Multiple Choice

Which of the following statements best describes a sales-oriented business?

• A)The company develops its products to meet the needs of specific groups of people.
• B)The company's primary goal is profit through customer satisfaction.
• C)The company invests the majority of its resources in promoting its products and services.
• D)The company is in business to satisfy customers' wants and needs and deliver superior value.

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Definitions:

Boot

Additional value or cash added to a transaction to even out an exchange or transfer of assets.

Fixed Asset

A fixed asset is a long-term tangible piece of property or equipment that a company owns and uses in its operations to generate income, not easily converted into cash.

Intangible

An intangible asset is an asset that lacks physical substance, such as intellectual property, goodwill, and licensing agreements.

Amortization

The process of spreading the cost of an intangible asset over its useful life, recognizing a portion of the expense each accounting period.