Accounting- Rev., Expend., and Convers. Process

A series of interrelated activities designed to generate revenue is known as what subprocess?

A series of interrelated activities designed to enable the company to generate revenue is known as what subprocess?

A series of interrelated activities designed to produce the goods a company sells is know as what subprocess?

Involves interaction between the company and its customers

Involves the interaction between the company and it's suppliers and employers.

Involves activities performed by manufacturing companies that use machines and labor to convert raw materials into products

Generate Sales

Receive and accept orders

FOB- Destination/ Shipping point

Determines needs for goods and services

Select suppliers and place orders

Receiving goods or services

Make payment --> Timelines to take advantage of discounts

Receives payment --> Terms of sales

Schedule production

Obtaining raw materials

Use labor and manufacturing resources to fabricate/ make products

Store finished goods