What Terms Are Considered to Be the Four Cs That

question 15

Multiple Choice

What terms are considered to be the four Cs that influence a buyer's decision to purchase a product or service (select all that apply) ?

• A) Customer needs and wants
• B) Certification of product
• C) Cost
• D) Convenience
• E) Communication

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Definitions:

Two Proprietorships

Two separate businesses or commercial ventures, each owned by a single individual.

Fair Value

An assessment of an asset or liability's market worth, determined by current market rates or appraisals.

Noncash Assets

Assets that are not in the form of cash but can be converted into cash, such as investments, real estate, and inventory.

Book Value

The net value of an asset, calculated as the asset’s original cost minus depreciation, amortization, or impairment costs.