The 'Concession Close' Refers to Which of the Following

question 41

Multiple Choice

The 'concession close' refers to which of the following?

• A)Asking if one particular objection is overcome, will the customer buy the product or service
• B)Offering a special deal to close the sale
• C)Asking for the order to close the sale
• D)Handing over the customer to a sales manager to close the sale

---

Definitions:

Gross Profit

The difference between sales revenue and the cost of goods sold, before deducting overheads, payroll, taxation, and interest.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made at specific intervals, rather than continuously.

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries are made, used to prepare financial statements.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary accounts to permanent ones, preparing the company's books for the next period.