One of the advantages of test marketing is the ________
A) low cost
B) ability to keep information from falling into competitors' hands
C) opportunity to survey prospective customers
D) ability to evaluate a product and its marketing program before commercialization
E) opportunity to sell existing products to a core customer base
D
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The customer master data is a data store that contains data identifying the particular characteristics of each customer
Indicate whether the statement is true or false
Which best describes the first law of thermodynamics?
A. Energy can be created or destroyed and it cannot be changed from one form of energy to another. B. Some useful energy is lost as heat whenever an energy transfer occurs. C. Energy can be created from matter or used to produce matter. D. Energy is not created nor destroyed, but it can change from one energy form to another. E. Energy transfers are always 100% efficient in changing energy from one useful form to another.
On June 3, Win-Tel Company sold merchandize worth $800 on credit, terms 2/10, n/30 . The merchandize sold had cost $550 . The customer paid the amount on June 10 . What is the required journal entry to record the payment received under the periodic inventory system?
a. Accounts Receivable 784 Sales Discounts 16 Cash 800 b. Accounts Receivable 800 Sales Discounts 16 Cash 784 c. Cash 784 Sales Discounts 16 Accounts Receivable 800 d. Cash 800 Sales Discounts 16 Accounts Receivable 816
Whether purchase costs are rising or falling, FIFO always will yield the highest gross profit and net income.
Answer the following statement true (T) or false (F)