Which of the Following Is One of the Three Basic

question 105

Multiple Choice

Which of the following is one of the three basic ideas in the "marketing concept?"

• A) Resource efficiency.
• B) Obtain economies of scale.
• C) Profit as an objective.
• D) Maximize sales.
• E) The president has a marketing background.

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Definitions:

Petty Cash Fund

A small amount of cash kept on hand for minor or incidental expenses.

Credit To Cash

An accounting entry that increases the cash balance in a company's books.

Petty Cash Fund

A small amount of cash on hand used for paying expenses too small to merit writing a check or using a credit card.

Replenished

The process of filling up or restoring a stock or supply of something to its previous level or condition.