________ Is an Organizational Function and a Set of Processes

question 129

Multiple Choice

________ is an organizational function and a set of processes for creating,communicating,and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders.

• A)Marketing
• B)Market segmentation
• C)Consumer behavior
• D)Marketing research

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Definitions:

Financial Statements

Structured reports of an entity's financial activities and condition, including the balance sheet, income statement, statement of cash flows, and statement of changes in equity.

Permanent Accounts

Accounts that carry their ending balances over into the next accounting period and are not closed out, such as assets, liabilities, and equity accounts.

Balance Sheet

A document depicting a corporation’s financial standing at a particular instant, outlining its assets, debts, and owner's equity.

Real Accounts

Accounts that are not closed at the end of the accounting year and include all balance sheet accounts that show the real and permanent financial position of a business.