Using the industry approach, competitors are defined as companies that satisfy the same customer need

Organizations that follow the societal marketing concept most likely practice socially and environmentally responsible marketing

Indicate whether the statement is true or false

Which of the following statements concerning net income is MOST correct?

A) Net income represents income that may be reinvested in the firm or distributed to its owners. B) Net income represents sales minus operating expenses at a specific point in time. C) Negative net income reduces a company's cash balance. D) Net income represents cash available to pay dividends.