Consider the Following Transactions: I

question 104

Multiple Choice

Consider the following transactions: I. Owners invested $8,000 cash to begin the business
II. Provided services for cash, $6,000
III. Provided services on account, $4,000
IV. Paid cash for expenses, $7,500
How much net income did the business have?

• A)$ 2,500
• B)$ 4,500
• C)$ 6,500
• D)$10,500

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Definitions:

Target Audience

The target audience is a specific group of consumers identified as the recipients of a particular marketing message or campaign, based on various demographic, psychographic, and behavioral criteria.

Vogue

The prevailing fashion, practice, or style during a particular time, often in the context of clothing, music, or other aspects of culture.

Marketing Mix

Refers to the blend of strategies used by a business to achieve its objectives in the target market, including variations in product offerings, prices, distribution methods, and promotional activities.

Five Ps

The components of the marketing mix, including Product, Price, Promotion, Place, and People, used to strategically position and sell a product or service.