A close buyer-seller relationship in a business market may reduce a firm's flexibility.
Answer the following statement true (T) or false (F)
True
Although close relationships can produce benefits, they are not always best. A long-term commitment to a partner may reduce flexibility.
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The ________ represents the sequence of steps in the accounting process completed during the fiscal period
a. matching principle b. fiscal year c. accounting cycle d. fiscal period
On August 1, Party Hearty Company sold merchandise on credit with a list price of $6,300. Terms were 2/10, n/30. Which of the following entries correctly applies the indicated method to receive the appropriate customer payment on August 15?
A) ?Net Price MethodCash 6,174Sales Revenue 126Accounts Receivable 6,300 B) ?Gross Price MethodCash 6,300Accounts Receivable 6,300 C) ?Net Price MethodCash 6,174Accounts Receivable 6,174 D) ?Gross Price MethodCash 6,300Sales Revenue 126Accounts Receivable 6,174
Adopters of new products move through five stages. These stages begin with ________ and follow with interest, evaluation, trial, and adoption
A) awareness B) investigation C) trial D) innovation E) diffusion
Salespeople should most likely do which of the following when a product is delivered to a customer?
A) Call the shipping agent to monitor delivery. B) Mail an instruction manual to the customer. C) Offer training in the use of the product. D) Change the price charged to the customer. E) Unpack the product by hand.