Activity Accounts Are Designed for People Who Write Many Cheques

question 24

True/False

Activity accounts are designed for people who write many cheques each month.

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Definitions:

Good CVP

Stands for "competitive value proposition," highlighting a business's unique offerings and advantages over competitors.

Financial Viability

The ability of an entity to generate sufficient income to meet operating payments, debt commitments, and, where applicable, to allow for growth while maintaining service levels.

Target Customers

Individuals or groups identified as the most likely to purchase a company's products or services.

Market Segments

The classification of a broader market into smaller consumer groups with similar needs, characteristics, or behaviors.