A Retailer Uses Different Buyers in Its Main Store and Its

question 100

Multiple Choice

A retailer uses different buyers in its main store and its suburban branches so as to better reflect each target market.This illustrates which job classification method?

• A) geographic classification
• B) product classification
• C) functional classification
• D) combination classification

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Definitions:

Matching Principle

An accounting principle that dictates expenses should be recorded in the same period as the revenues they helped to generate.

Manipulation

Manipulation in financial contexts refers to unethical or illegal actions to misleadingly influence market prices, company performance, or financial reports.

Net Price Method

Net price method is a pricing strategy that accounts for discounts, rebates, and other incentives upfront, presenting the final price to consumers.

Sales Discounts

Reductions granted by a seller to the buyer for early payment or for meeting other conditions defined in the sales agreement.