The forces of the marketing environment include

A. ?political, legal and regulatory, sociocultural, technological, economic, and competitive.
B. ?sociocultural, legal, regulatory, economic, pricing strategies, and competitive.
C. ?legal, regulatory, political, sociocultural, pricing strategies, and technological.
D. ?legal and regulatory, competitive and noncompetitive forces that affect most lifestyles.
E. ?political, legal and regulatory, pricing strategies,fairly static components.


Answer: A

Business

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Which statement best defines price fixing?

A. A policy whereby a firm charges a high introductory price, often coupled with heavy promotion B. A policy whereby a firm charges a relatively low price for a product when it is first rolled out C. An agreement between two or more firms on the price they will charge for a product D. Charging a price identical to or very close to the competition's price

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Which department is least likely to be involved in the revenue cycle?

a. credit b. accounts payable c. billing d. shipping

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The REA model is an alternative accounting framework for modeling an organization's critical resources, events, and accounts

Indicate whether the statement is true or false

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When planning the audit, information is gathered by all of the following methods except

a. completing questionnaires b. interviewing management c. observing activities d. confirming accounts receivable

Business