Which of the following exemplifies the role and purpose of the sales / collection process?
A)American Home Shield sells warranties to new homeowners.
B)New homeowners pay cash to American Home Shield for warranties.
C)Both A and B.
D)Neither A nor B.

Question

Quizplus · Accepted Answer

The role and purpose of the sales / collection process is to generate revenue for the company by selling products or services and collecting payment from customers. Choice A exemplifies the sales aspect of the process as American Home Shield is selling warranties. Choice B exemplifies the collection aspect of the process as the new homeowners are paying cash to American Home Shield for the warranties they purchased. Therefore, choice C exemplifies both aspects of the sales / collection process.

Which of the Following Exemplifies the Role and Purpose of the Sales