Purchasing Behavior Is Often Better Predicted By

question 78

Multiple Choice

Purchasing behavior is often better predicted by:

• A) Geographics
• B) Demographics
• C) Psychographics
• D) Reputation

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Definitions:

Accounts Payable

Liabilities owed by a business to creditors for purchases or services received that have not yet been paid for.

Periodic Inventory System

A method used in accounting to determine inventory levels by taking physical counts at specific periods.

Perpetual Inventory System

An approach to inventory accounting where transactions are immediately documented through computerized point-of-sale systems and software designed for managing enterprise assets.

Inventory Shrinkage

The decrease in product inventory from the time of acquisition from a supplier to the moment it's sold to a customer, frequently as a result of theft, damage, or mistakes.