A Company Performs Services for a Client on Account

question 43

Multiple Choice

A company performs services for a client on account. When the company receives the cash from the customer one month later:

• A) a revenue account is increased.
• B) a liability account is decreased.
• C) an asset account is increased.
• D) an expense account is decreased.

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Definitions:

Customer Loyalty

The likelihood of previous customers to continue buying from a specific retailer or brand over competing ones.

BCG Matrix

A strategic business tool designed by the Boston Consulting Group to help organizations analyze their business units or product lines based on growth and market share.

Limitations

Constraints or restrictions that affect the scope, effectiveness, or progress of a project, study, or business strategy.

BCG Matrix

BCG Matrix is a strategic business tool developed by the Boston Consulting Group to help organizations analyze and make decisions about their product portfolio, classifying products into four categories: Stars, Cash Cows, Question Marks, and Dogs.