Which of the Following Is a Business Function Related to Sales

question 10

Multiple Choice

Which of the following is a business function related to sales returns and allowances?

• A) processing customer orders
• B) writing off uncollectible accounts
• C) processing and recording credit memos
• D) granting credit

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Definitions:

Porter's Model

A framework created by Michael Porter that analyzes an industry's competitiveness and strategic business position through five forces: competition in the industry, potential of new entrants, power of suppliers, power of customers, and the threat of substitute products.

Business Strategy

A long-term plan of action designed to achieve a particular goal or set of goals or objectives within a company.

Criticized

To evaluate the merits and faults of something, often leading to suggestions for improvement or change.

Business Strategy

A plan of action or policy designed to achieve a major or overall aim in the realm of commerce.