The Main Focus of a Marketing-Oriented Firm Is

question 25

Multiple Choice

The main focus of a marketing-oriented firm is:

• A) inward upon the skills and competitive technological advantages of the firm
• B) inward upon the organization's needs
• C) outward upon societal responsibilities
• D) inward upon the abilities to deliver goods and services
• E) outward upon the wants and needs of customers

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Definitions:

Three Months Rent

An accounting entry typically categorized as a prepaid expense, representing payment for rent before it's due.

Closing Entry

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to a permanent equity account, thereby preparing the books for the next period.

Correct Closing Entry

Journal entries made at the end of an accounting period to transfer balances from temporary accounts to permanent accounts, thus preparing the books for the next period.

Adjusting Entry

Journal entries made in accounting records at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.