Customers View New Products Much Differently Than Companies

question 77

Multiple Choice

Customers view new products much differently than companies.Customers only care if the product is ______.

• A) New to their retail store
• B) New to them
• C) Offered through a new outlet
• D) Offered on-line
• E) None of the above

---

Definitions:

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the cost of materials and labor.

Accounts Receivable Turnover

A financial ratio that measures how effectively a company collects on its credit sales by comparing net credit sales with the average accounts receivable.

Collection Of Receivables

The process businesses use to pursue payments from customers or clients who have purchased goods or services on credit.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services that have been delivered or used but not yet paid for.