The Sales Department Relies on the Engineering Department to Send

question 117

True/False

The sales department relies on the engineering department to send samples and quotes to prospective customers on a timely basis.The sales department may be considered the engineering department's internal customer.

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Definitions:

Maximum Price

The maximum amount a buyer is prepared to offer or a seller is ready to take for a product or service.

Industrial Products Division

A segment of a company focused on the production and sale of goods used in industrial and manufacturing processes.

Receiver Division

The part of a business that receives allocated costs from service departments or benefits from intercompany transactions within a company.

Transfer Price

The price charged for the sale of goods or services between divisions within the same company.