Brand ________ Is the Added Value Endowed to Products and Services

question 21

Multiple Choice

Brand ________ is the added value endowed to products and services.

• A) loyalty
• B) equity
• C) preference
• D) identity
• E) licensing

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Definitions:

Raw Materials

Basic materials and components that are used in the manufacturing process to produce finished goods.

Journal Entries

Records in accounting that document financial transactions and their impact on the accounts of an organization in a chronological order.

Indirect Materials

are materials used in the production process, but not directly traceable to a finished product, like lubricants for machinery.

Direct Materials

Direct materials are raw materials that are directly used in the manufacturing process of a product and are a major component of the cost of goods sold.