A Customer Relationship Might Involve Many Different Types of Purchases

question 44

True/False

A customer relationship might involve many different types of purchases ongoing at a given time,all in different stages of the buying process.

---

Definitions:

Accrued Expense

Expenses that have been incurred but not yet paid or recorded at the end of a reporting period.

Payback Periods

The duration of time it takes to recover the cost of an investment through the investment's cash flows.

Risks

The potential for losing something of value or the chance of an adverse outcome.