California Company Sold a Product for $7,150 to Alliance Enterprises

question 103

Multiple Choice

California Company sold a product for $7,150 to Alliance Enterprises on credit.The cost of goods sold is $5,650.Assuming the firm is following a perpetual inventory system and using a sales journal,it will record $5,650 in the ________.

• A) Accounts Receivable DR, Sales Revenue CR column
• B) Cost of Goods Sold DR, Merchandise Inventory CR column
• C) Merchandise Inventory DR, Cost of Goods Sold CR column
• D) Sales Revenue DR, Accounts Receivable CR column

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Definitions:

Global Segmentation

Global segmentation involves dividing a market into distinct groups of consumers with shared characteristics across international borders to tailor marketing efforts.

Changing Needs

The evolution or variation in consumers' requirements or desires over time, influencing product development and marketing strategies.

Global Product Strategy

A framework for developing, marketing, and selling products in multiple countries with the aim of optimizing global performance.

Target Market

A specific group of consumers at whom a company aims its products and services, identified by certain demographic and psychographic criteria.