________ Form a Part of the Microenvironment That Influences Retail

question 12

Multiple Choice

________ form a part of the microenvironment that influences retail management decisions.

• A) Competitors
• B) Technologies
• C) Politics
• D) Legal aspects
• E) Ethics

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Definitions:

Revenue Account

An account that tracks the income earned from normal business operations, such as sales of goods or services.

Sales Tax Payable

A liability account in a company's financial statements, representing sales tax collected from customers but not yet remitted to the government.

Sale

The exchange of a product or service for money, constituting the main operational activity for most businesses.

Liability Account

An accounting record that holds the amounts owed by a company to creditors, suppliers, or lenders.