According to a Survey by the Market Research Firm, Michelson

question 156

Multiple Choice

According to a survey by the market research firm, Michelson & Associates, customers abandon a retail store for which of the following reasons?

• A) price fixing and false advertising
• B) poor service and product dissatisfaction
• C) product modification and excessive service charges
• D) employee grievances and poor working standards
• E) poor quality products and price fixing

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Definitions:

Owners' Equity

refers to the owner's interest in the assets of a business after all liabilities have been deducted.

Net Income

The profit remaining after all expenses, taxes, and costs have been subtracted from total revenue.

Working Capital Ratio

A financial metric used to determine a company's ability to pay off its current liabilities with its current assets.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business.