The Primary Reason for a Business to Allow Customers to Purchase

question 126

Multiple Choice

The primary reason for a business to allow customers to purchase goods or services on account is to:

• A)increase sales.
• B)increase cash flow from financing.
• C)decrease cost of goods sold.
• D)decrease the marketability of the company's inventory.

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Definitions:

Cross-cultural Generality

The extent to which psychological findings apply across different cultural contexts.

Developing Nations

Countries with a lower level of industrialization, lower living standards, and lower Human Development Index (HDI) than developed countries.

Raymond Cattell

A psychologist known for his theory of personality that differentiates between fluid and crystallized intelligence.

Factor Analysis

A statistical method for studying the interrelations among various tests. The goal is to discover whether the tests are all influenced by the same factors, or by distinct factors.