Which of the Following Is True of Assets

question 68

Multiple Choice

Which of the following is true of assets?

• A) Assets include Cash, Merchandise Inventory, and Accounts Payable.
• B) Assets are something of value the business owns or controls.
• C) Assets do not need to provide future benefit to the business.
• D) Assets can be recorded at the market value if acquired at a bargain.

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Definitions:

Marketing Strategy

The overall game plan of a business for reaching prospective consumers and turning them into customers of their products or services, including market segmentation and positioning.

Approaches to Marketing Implementation

Various methods or strategies employed to put marketing plans into action and achieve the marketing objectives.

Advantages

Favorable factors or benefits that give a product, service, or business a competitive edge over others in the market.

Disadvantages

These are the negative aspects or shortcomings associated with a particular decision, strategy, or product.