A "Production-Oriented" Firm Typically

question 19

Multiple Choice

A "production-oriented" firm typically:

• A) views customer credit as a customer service.
• B) sets inventory requirements with customer needs in mind.
• C) tries to sell the products it can make easily.
• D) focuses advertising on need-satisfying product benefits.
• E) operates as an integrated unit.

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Definitions:

Note Payable

A written promise to pay a certain amount of money on demand or at a fixed or determinable future time.

Unearned Fees

Income received for services that have not yet been performed or delivered.

Monthly Salary

A fixed amount of payment received by an employee from an employer on a monthly basis.

Unused Supplies

Supplies that have been purchased but not yet used in the operation of a business.