________ Refer to a Form of Product That Consists of Activities

question 65

Multiple Choice

________ refer to a form of product that consists of activities, benefits, or satisfactions offered for sale that are essentially intangible.

• A) Co-brands
• B) Line extensions
• C) Services
• D) Pure products
• E) Horizontal extensions

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Definitions:

Finished Goods Inventory

The total value of all completed products that have not yet been sold by a company.

Cash Collections

The process of gathering all cash receipts from sales or other sources during a particular period.

Merchandise Purchases Budget

A financial plan that estimates the cost of goods a company needs to purchase to meet its sales goals.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period of time, primarily used to assess whether a company has sufficient cash to fulfill its operations and financial commitments.