In general, revenue is recognized
A) during the production process.
B) upon completion of the production process.
C) when cash is received.
D) when goods are sold or services are rendered.
D
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The sales representatives for Latoka Industries, a manufacturer of security systems for schools, warehouses, government buildings and other industrial and institutional markets, has been told they will now have to sell a newly designed security system to consumers. (Note the sales force was not given any training on how to sell to the consumer market.) Which of the following statements describes a likely problem for the Latoka sales force?
A. Role inaccuracy will occur because Latoka's sales reps view themselves as industrial salespeople not consumer salespeople B. Role expectation will be a problem because Latoka's sales force will not know what consumers expect them to do C. Role conflict is likely because consumers will make demands that are unlike those made by industrial and institutional customers D. Role ambiguity will occur because Latoka's salespeople will not believe they have the information needed to sell to the consumer market E. All of the above statements describe problems that will likely impact Latoka's sales force
Jane is a marketing researcher of a cellular service providing firm. She is conducting market research before the firm decides to launch its 4G services
After deciding on the research approach and instruments, what is the next step that Jane should follow? What are the three things that she is required to consider in this step?