Which of the Following Factors Is Least Likely to Be

question 61

Multiple Choice

Which of the following factors is least likely to be considered in preparing a sales budget?

• A) Plant (factory) capacity.
• B) General economic and industry conditions.
• C) Past sales volume.
• D) The cash budget.
• E) Proposed advertising expenses

Identify the requirements for valid acceptance and the effects of various acceptance methods.

Comprehend the factors affecting the enforceability of agreements not in writing.

Analyze the role and characteristics of formal contracts such as contracts under seal and letters of credit.

Explain the mirror-image rule and the mailbox rule in the context of agreement formation.

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Definitions:

Affiliate Marketing

A digital marketing strategy where businesses pay external parties or affiliates a commission for directing traffic or sales to their products or services.

Commission

A fee paid to an agent or employee for conducting a transaction or sale, typically a percentage of the sale price.

Merchant's Website

An online platform owned and operated by a seller that enables the showcase and sale of products or services to consumers.

Wholesale Industry

The sector of the economy responsible for selling goods in large quantities, often to retailers or professional users, but not to general consumers.