Under the periodic system of accounting for inventory, the purchases account is debited for the cost of all merchandise purchased

Which of the following about telephone selling by an inside sales group is FALSE?

A. saves time and money for the producer. B. provides a way for the producer to get direct feedback from customers. C. extends the personal selling effort to new target markets. D. provides a way for the producer to find solutions to potential problems. E. none of the above is false.

________ competition can destroy entire product categories when a major innovation occurs, so it requires attention, especially for long-run planning

A) Product form B) Product category C) Generic D) Budget