Business Pressures on Organizations Are Created When There Are Changes

question 23

Multiple Choice

Business pressures on organizations are created when there are changes in:

• A)Social factors
• B)Economic factors
• C)Legal factors
• D)Political factors
• E)Changes in all of these will create business pressures.

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Definitions:

Extend Credit

Extend Credit means to allow a customer to purchase goods or services now and pay for them later, essentially providing a loan to the customer.

Product Line

A group of related products produced by a business, often sharing common attributes, marketing channels, or uses.

Financial Statements

Documents that present an organization's financial activity and condition, including income statement, balance sheet, and cash flow statement.

Income Statement

A financial statement showing the company's revenues and expenses over a specific period, resulting in net profit or loss.