A(n) ________ Is an Elaborated Version of a Product Idea

question 62

Multiple Choice

A(n) ________ is an elaborated version of a product idea expressed in consumer terms.

• A) test brand
• B) alpha product
• C) beta product
• D) business schedule
• E) product concept

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Definitions:

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value.

Compensation of Employees

Payments and benefits received by employees in exchange for their labor, including wages, salaries, and benefits such as health insurance.

Total Income

The sum of all earnings or revenues received by an individual or organization before any deductions or taxes.

Compensation of Employees

All forms of financial returns and tangible services and benefits employees receive as part of an employment relationship.