During a Given Year,a Company Had Net Sales of $500,000

question 89

True/False

During a given year,a company had net sales of $500,000 and average accounts receivable of $80,000.Its accounts receivable turnover is equal to 6.25.

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Definitions:

Consumer Needs

Identifies the desires or requirements of buyers that products or services aim to fulfill.

Societal Benefit

Advantages or contributions that an action or policy provides to the well-being of society as a whole.

Target Market Segments

Specific groups of consumers targeted by a company's marketing efforts, identified by shared characteristics.