One Positive Aspect of Promotion Is That It Informs Consumers

question 127

True/False

One positive aspect of promotion is that it informs consumers about product uses, features, benefits, prices, and locations where the products can be bought.

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Definitions:

Periodic Inventory System

An inventory valuation method where the inventory is physically counted at specific intervals and the cost of goods sold is calculated thereafter.

Discounts Lost

Costs incurred when a payment discount is not taken advantage of within the specified discount period.

Partial Payments

Payments that are made to settle a portion of the total amount owed, rather than the full balance.

Gross Method

An accounting treatment for purchases discounts where the discount is not recognized until payment is made within the discount period.