A Key Factor in a Voucher System Is

question 159

Multiple Choice

A key factor in a voucher system is:

• A) Only approved departments and individuals are authorized to incur an obligation that will result in the payment of cash.
• B) Procedures for purchasing, receiving and paying for merchandise are divided among several departments.
• C) The system limits the individuals that can incur cash payment obligations for a company.
• D) It should be extended to all expenses.
• E) All of these.

---

Definitions:

Sales-oriented Era

A period in business history when companies prioritized selling their products and convincing consumers to buy, often regardless of actual customer need.

Market-oriented Era

A period in business characterized by firms prioritizing customer needs and desires, focusing on market research, and product development to meet those needs.

Value-based Marketing

A strategic approach that focuses on delivering products and services based on the perceived value to the customer rather than solely on price.

Retailing-oriented Era

A period in business history when the focus shifted towards strategies that prioritize selling goods directly to consumers through various retail channels.