Which of the Following Best Describes the Collection Float

question 40

Multiple Choice

Which of the following best describes the collection float?

• A) how long it takes the firm to receive the check after the customer has mailed it
• B) how long it takes the firm to process the check and deposit it in the bank
• C) how long it takes before the bank gives the firm credit for the funds
• D) how long it takes for a firm to be able to use funds after a customer has paid for its goods

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Definitions:

Complex Purchase Situations

Buying scenarios that involve high involvement and significant differences among choices, often related to high cost or personal significance.

Advertising

Nonpersonal communication about goods, services, or ideas that is paid for by an identified sponsor.

Sales Promotion

A marketing technique aimed at boosting sales in the short term through discounts, coupons, displays, or demonstrations.

Sales Training Program

A course or set of courses designed to enhance the skills, techniques, and strategies of a sales team.