The Standardization and Grading Function of Marketing Involves

question 305

Multiple Choice

The standardization and grading function of marketing involves:

• A) promoting goods and services.
• B) collection, analysis, and distribution of marketing information.
• C) sorting products according to size and quality.
• D) looking for and evaluating goods and services.
• E) movement of goods from one place to another.

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Definitions:

Return on Assets

A financial ratio that shows the percentage of profit a company earns in relation to its overall resources.

Accounts Receivable

Money that customers are required to pay to a company for goods or services that they have received or used, but have not yet paid for.

Inventory

The total amount of goods and materials held by a company intended for sale or used in production.

Net Fixed Assets

Net Fixed Assets represent the total value of a company's property, plant, and equipment minus any depreciation, amortization, and impairment charges that have been taken against these assets.