The Last Step in the Marketing Process Often Includes

question 3

Multiple Choice

The last step in the marketing process often includes

• A) collecting the cash from sales to consumers.
• B) developing a written report to summarize the results of the period's marketing activities.
• C) deciding the best way to distribute the product.
• D) building relationships with customers.

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Definitions:

Ledger

A comprehensive collection of accounts that records all financial transactions of a business, organized to show the financial status and activities.

Account Number

An account number is a unique identifier assigned to an account held by a bank, financial institution, or service provider to differentiate it from other accounts.

Assets

Assets are resources owned or controlled by a business, expected to produce economic value or future benefits.

Debits

Accounting entries that increase assets or expenses or decrease liabilities, equity, or net worth in a company's balance sheet.