Which of the Following Is an Example of a Demand

question 168

Multiple Choice

Which of the following is an example of a demand condition?

• A)natural resources
• B)existence of supplier clusters
• C)sophistication of consumers
• D)intensity of competition

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Definitions:

Liabilities

Financial obligations or debts owed by a business to external parties or individuals.

Accounts Payable

Funds that a company needs to pay back to its suppliers or creditors for products and services that it has acquired.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, showing revenues, expenses, and profits or losses.

Prepaid Expense

Prepaid Expense represents payments made for expenses which benefits have not yet been received, recognized as assets until they are incurred.