An organization practicing ________ aims all its efforts at satisfying its customers-at a profit.
A. the marketing concept
B. profit maximization economics
C. in the marketing department era
D. a production orientation
E. the sales concept
Answer: A
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Which of the following is a horizontal information flow?
a. sales order department requests credit approval from credit department b. sales order department acknowledges the order to the customer c. warehousing sends completed picking ticket to shipping d. all of the above are horizontal information flows
Which of the following statements is the best example of a trial close used by a salesperson selling refrigerator units to supermarkets?
A. "How does the ease of mobility of this unit compare with that of other refrigeration units you have seen?" B. "Are you interested in how the oversized coil works to keep food cold and eliminate frost?" C. "How does a savings of $30 per month on your refrigeration electricity bill sound?" D. "Do you think you'd be interested in buying the optional illumination signage that comes with our units?" E. All of these are examples of trial closes that could be used by a salesperson selling refrigerator units to obtain buyer commitment.
Matthew Martin, the owner of Innovation Consulting, started the business by investing $51,000 cash. Identify the general journal entry below that Innovation Consulting will make to record the transaction.
A.
| Cash | 51,000? | |
| Note Payable | 51,000? |
B.
| Investments | 51,000? | |
| M. Martin, Capital | 51,000? |
C.
| M. Martin, Capital | 51,000? | |
| Cash | 51,000? |
D.
| Accounts Receivable | 51,000? | |
| Cash | 51,000? |
E.
| Cash | 51,000? | |
| M. Martin, Capital | 51,000? |
Systems development represents 80 to 90 percent of the total cost of a computer system
Indicate whether the statement is true or false