Which of the Following Shows How a Product Was Improved

question 55

Multiple Choice

Which of the following shows how a product was improved by modifying a product attribute?

• A) The Seven Down soda manufacturer reduced its price per six-pack by fifty cents.
• B) The Grand Casino in Gulfport began advertising on the Internet.
• C) Kraft developed a picnic basket point-of-purchase display for its Miracle Whip spread.
• D) Louis Kemp Seafood Company added a pamphlet of recipes to each package of its seafood.

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Definitions:

Unearned Revenue

Funds paid to a company for products or services that have not yet been provided or completed.

Accrued Revenue

Income earned but not yet received, typically recorded with an adjusting journal entry.

Prepaid Expense

Prepaid expense refers to payments made in advance for goods or services to be received in the future, recognized as assets on a balance sheet.

Unearned Service Revenue

Income received in advance for services that have not yet been performed, considered a liability until the service is delivered.