A company using the perpetual inventory system purchased merchandise on account for $5,000. Give the journal entry to record this transaction

Which of the following is a market-oriented mission statement?

A) "We empower customers to achieve their dreams." B) "We sell jumbo burgers." C) "We are an online library." D) "We are a low-cost airline." E) "We make porcelain figurines."

When companies watch both their buyers and their competitors, they are called ________ companies

A) product-centered B) market-centered C) customer-centered D) competitor-centered E) cost-centered