Ultimate Consumers Refer to

question 14

Multiple Choice

Ultimate consumers refer to

• A)the people who use the products and services purchased for a household.
• B)people who have already purchased a firm's product at least once,have been satisfied,and are likely to make repeat purchases.
• C)people or organizations that have used a competitor's product and who have been dissatisfied,and who are still seeking a product or service to satisfy their needs.
• D)those manufacturers,wholesalers,retailers,and government agencies that buy goods and services for their own use or for resale.
• E)one or more specific groups of potential customers toward whom an organization directs its marketing program.

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Definitions:

Days' Sales in Inventory

A financial metric indicating the average number of days a company takes to sell its inventory.

Statement of Financial Position

Another term for a balance sheet, which is a financial document that provides a snapshot of an entity’s assets, liabilities, and shareholders' equity at a specific point in time.

Statement of Comprehensive Income

A financial statement that includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, encompassing both net income and other comprehensive income items.

Average Inventory

The average stock of goods held over a certain period, calculated to understand inventory levels better.