Predicting What Types of Bicycles Different Customers Will Want and Deciding

question 137

Multiple Choice

Predicting what types of bicycles different customers will want and deciding which of these customers the business will try to satisfy are activities a firm should do as part of

• A) production.
• B) a command economy.
• C) marketing.
• D) making goods or performing services.
• E) a production orientation.

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Definitions:

Net Float

The difference between checks written against and deposited in an account, which has not yet been cleared and credited or debited.

Writes Cheques

The act of creating a written document instructing a bank to pay a specific amount of money from the writer's account.

Cheques Clear

Refers to the process by which a bank verifies that the funds available in the account of the individual who wrote the cheque are sufficient to cover the amount, and subsequently moves those funds to the account of the cheque recipient.

Incremental Bad Debt

Additional losses expected from non-payment or default by borrowers beyond what was originally anticipated.