Although It Was Thought in the 19^th Century That Production

question 183

Multiple Choice

Although it was thought in the 19^th century that production creates its own demand,in the first third of the 20^th century,North American companies began to produce more goods than their regular buyers could consume.At the same time,competition became more significant,and the problems of reaching the market became more complex.It was for these reasons the _____ era began.

• A)product
• B)production
• C)sales
• D)marketing concept

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Definitions:

EBITDA

Earnings Before Interest, Taxes, Depreciation, and Amortization, a measure of a company's overall financial performance.

Loan Agreements

Contracts between a borrower and a lender outlining the terms and conditions of a loan.

Net Income

Net income is the total profit of a company after all expenses, including taxes and costs, have been subtracted from total revenue.

Payday Lender

A financial institution that offers high-interest, short-term loans, usually due on the borrower's next payday.