Which of the following is the correct equation for calculating net purchases? O a. Purchases + return outwards- purchase discounts O b. Purchases - return inwards- purchase discounts O c. Purchases- return inwards + purchase discounts d. Purchases - return outwards - purchase discounts

Which of the following is the correct equation for calculating net purchases? O a. Purchases + return outwards- purchase discounts O b. Purchases - return inwards- purchase discounts O c. Purchases- return inwards + purchase discounts d. Purchases - return outwards - purchase discounts

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Concept explainers

Forecasting in Business

Forecasting is the process of predicting the future based on the past and the present data and circumstances. In other words, forecasting is the act of making a detailed analysis of future events based on the decisions made in the past as well as the present. Forecasting plays a very important role in operational management as it helps in planning and decision-making. It is not only important for the success of a business but also contributes to individual growth and success. Many business organizations or companies have failed due to the shortcomings of their forecasting.

Question

Which of the following is the correct equation for
calculating net purchases?
a. Purchases + return outwards- purchase
discounts
O b. Purchases - return inwards- purchase
discounts
O c. Purchases- return inwards + purchase
discounts
O d. Purchases - return outwards - purchase
discounts

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