Any group of people who, as individuals or as organizations, have needs for products in a product class and who have the ability, willingness, and authority to buy such products is a(n)
A. business market.
B. market.
C. undifferentiated market.
D. segmented market.
E. market variable.
Answer: B
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Governments in Japan, Singapore, South Korea, and China have supported exports for years which have tremendously helped their economies
Since exporting is a very important component of a country's business strategy, many government programs are offered that support exports. Describe ways by which governments can support exports.
A trade promotion that typically involve paying retailers for financial losses associated with consumer sales promotions or reimbursing a retailer for an in-store or local expense to promote a specific product are known as allowances.
Answer the following statement true (T) or false (F)
If merchandise costing $500 is sold on account for $620, how is this transaction recorded when using a perpetual inventory system?
A. Debit Accounts Receivable and credit Sales Revenue for $620; debit Inventory and credit Cost of Goods Sold for $500. B. Debit Accounts Receivable, credit Sales Revenue for $620; debit Cost of Goods Sold, and credit Inventory for $500. C. Debit Accounts Receivable and credit Sales Revenue for $620. D. Debit Cash and credit Sales Revenue for $620; debit Cost of Goods Sold and credit Inventory for $500.
Axle Corporation imports goods into the United States. Who is required to pay the duty on the imported goods?
a. The importer, Axle Corporation. b. The World Trade Organization. c. Each party pays one-half the duty. d. The exporter of the goods.