Define customer-perceived value
What will be an ideal response?
Customer-perceived value is defined as the customer's evaluation of the difference between all the benefits and all the costs of a market offering relative to those of competing offers. Importantly, customers often do not judge values and costs accurately or objectively. They act on perceived value. A customer buys from the firm that offers the highest customer-perceived value.
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The accounts receivable department must know when customers pay their invoices, yet segregation of duties controls dictate that the collection and recording functions be kept separate from each other. What is a solution to this potential internal control problem?
A) Have customers send a remittance advice with their payment. B) Have mailroom personnel prepare a remittance list which can be forwarded to accounts receivable. C) Establish a lockbox arrangement with a bank. D) all of the above
The Dominican Republic-Central America Free Trade Agreement (DR-CAFTA) forbids its member nations to enter into treaties with countries in Central America that are not part of the DR-CAFTA
Indicate whether the statement is true or false