The first step of the primary steps in the revenue process.
What is determination marketing and distribution channels.
100
This step includes the inspection of received goods.
What is receiving of the goods?
100
The last step of the conversion process that consists of placing excess products in storage.
What is store product in secure area until shipped?
100
Adjusting the price that a business charges for a good based on its position in the product life cycle.
What is life-cycle pricing?
100
A commercial document and first official offer issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.
What is a purchase order?
200
The step of the revenue process that is after all shipments and payments of products.
What is providing customer support?
200
This step of the expenditure process is the process of choosing different companies that can provide services such as manufacturing products.
What is selecting suppliers for goods and services?
200
This step of the conversion process that includes the decision of a company when to manufacture product.
What is scheduling?
200
A pricing method that involves identifying the price at which a product will be competitive in the marketplace.
What is target pricing?
200
An example of this would be the cost of running the factory such as lighting costs.
What is an example of manufacturing overhead?
300
The step of the revenue process that gets the order of the product and starts the process of shipment.
What is receiving and accepting orders?
300
This step of the expenditure process consists of a company choosing whether goods are needed in that period of time.
What is determine the need of goods and services?
300
This step of the conversion process that includes the receiving of goods within a company.
What is obtaining direct materials?
300
This occurs when demand is high.
What is supply decrease?
300
The determined amount a customer may pay for a product.
What is a product cost?
400
The step of the revenue process that includes receiving costs due to the customer.
What is getting payment from customer?
400
This step of the expenditure process consists of the customer paying for products sold.
What is payment of goods?
400
This step of the conversion process that consists of utilizing important conversion resources to manufacture products.
What is using labor and resources to make process?
400
A strategy in which a marketer sets a relatively high price for a product or service at first, then lowers the price over time.
What is skimming pricing?
400
The purchaser claims the goods once it is received from the buyer's supplier's dock.
What is FOB destination?
500
The process of the revenue process that involves processing of shipment order and delivering product to customer.
What is delivering of goods and services?
500
Receive the highest quality with the lowest cost.
What is a goal of the expenditure process?
500
Manufacture products at a high quality.
What is a goal of the conversion process?
500
The practice of offering a low price for a new product or service during its initial offering in order to attract customers away from competitors.
What is penetrating pricing?
500
When a company takes good they purchased once it leaves the shipping dock.