Which of the Following Reflects the Marketing Concept

question 140

Multiple Choice

Which of the following reflects the marketing concept?

• A) "The supplier is king."
• B) "Marketing should be viewed as hunting and not gardening."
• C) "This is what I make; won't you please buy it?"
• D) "We don't have a marketing department; we have a customer department."
• E) "Customers need to be told where they want to go."

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Definitions:

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Weekly Salaries

A compensation structure where employees are paid a set amount on a weekly basis, regardless of the hours worked.

Adjusting Entry

A journal entry made at the end of the accounting period to allocate income and expenditure to the correct period.

Accounting Period

denotes the specific period of time covered by financial statements, typically a year or a quarter.