Answer:
C. Finished Goods Inventory account is credited.
Explanation:
In a perpetual system of inventory; which can be defined as a method of financial accounting, that involves the updating informations about an inventory on a continuous basis (in real-time) as the sales or purchases are being made by the customers, through the use of enterprise management software applications and a digitized point-of-sale equipment.
Under a perpetual system of inventory, updates of the journal entry for cost of goods sold or received would include debiting accounts receivable and crediting sales immediately as it is being made and Finished Goods Inventory account is also credited. The advantage of the perpetual system of inventory over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, theft etc.
Hence, when completed units are sold, Finished Goods Inventory account is credited.
A pure-monoply means that a company does not have to compete with other producers within the market. Since they aren't competing with a good or service, they aren't competing with each others customers either. When a company does not have to compete on price/customers they may end up being greedy and have market failure.
Answer:
The correct answer is C
Explanation:
Consumer products classification system is a system or a model which is presented in the most of the principles of marketing in the product mix. This model simplifies the consumer products into 4 categories.
So, the factor of marketing mix which will convenience product is the one which has the long channel of distribution, as it will help in reaching the product to the buyer.
Answer:
Customer Perceptions of value
Explanation:
The customer perception of value is also acknowledged as the value in marketing, it is described as the difference among the prospective of the customer evaluation or computation of the costs as well as the benefits of one product or service in comparison with others.
So, in this case, he studies the profile of customer, complaints and market research data in order to understand the customers want. Therefore, he is most likely to operate in the customer perception of value era of the marketing.
Answer:
The correct answer is "no"
Explanation:
A market equilibrium occurs in those markets where consumer demand is equal to the amount offered by companies. But they don't necessarily have to be satisfied with the market price.
For example, if a product of basic need is in high demand, the price can be raised a lot which may not result in a fair price for the customer.
On the contrary, a low price on products puts potential competitors out of the market since many times due to production costs they cannot match these prices.
