The Following Are All Business Trends Transforming Service Markets Except

question 20

Multiple Choice

The following are all business trends transforming service markets except ____________.

• A)push to increase shareholder value
• B)growth of franchising
• C)new agreements on trade in services
• D)marketing emphasis by non-profit organizations
• E)focus on quality and customer satisfaction

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Definitions:

Analysis of Receivables

The process of examining the accounts receivable of a business to assess their collectability and manage credit risk.

Accrued Interest

Interest that has been incurred but not yet paid in cash during a specific time period.

Note

A financial instrument that represents a debt or obligation between two parties, wherein the issuer promises to pay the holder a certain amount of money at a future date.

Adjusting Journal Entry

An entry made in the accounting journals at the end of an accounting period to allocate items between accounting periods.