Which element of the marketing mix is critical in overcoming the low availability barrier to sustainable consumer behavior?
A. place
B. product
C. promotion
D. price
E. perception
Answer: A
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On September 12, Vander Company sold merchandise in the amount of $5,800 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Jepson uses the periodic inventory system and the gross method of accounting for purchases. Jepson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Jepson makes on September 18 is:
A.
Accounts payable | 5,800 | |
Purchases discounts | 116 | |
Cash | 5,684 |
B.
Cash | 5,684 | |
Accounts receivable | 5,684 |
C.
Purchases | 5,684 | |
Cash | 5,684 |
D.
Accounts payable | 5,800 | |
Merchandise inventory | 116 | |
Cash | 5,684 |
E.
Cash | 5,684 | |
Purchases discounts | 116 | |
Accounts payable | 5,800 |
In a perpetual inventory system, when merchandise is returned to the seller, Cost of Merchandise Sold is one of the accounts debited to record the transaction
Indicate whether the statement is true or false
The allowance method that assumes a given percent of a company's credit sales for the period is uncollectible is:
A. The percent of accounts receivable method. B. Factoring method. C. The aging of accounts receivable method. D. The percent of sales method. E. Direct write-off method.
A group of customers that is willing to adopt revolutionary changes in the way they do business, that communicate across industry boundaries, and require customized solutions to their business's needs are:
a. innovators b. early adopters c. early majority d. late majority e. laggards