Match the Term with Its Definition

question 48

Essay

Match the term with its definition.
a.Brand
b.Brand image
c.Brand name
d.Brandmark
e.Design patent
f.Direct channel
g.Indirect channel
h.Patent
i.Service mark
j.Trade dress
k.Trademark
l.Utility patent
-A brand that cannot be spoken

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Definitions:

Absorption Costing

An approach in accounting that involves adding all production-related costs, whether stable or variable, into the product’s final price.

Cost-plus Pricing

A pricing strategy where a fixed percentage or amount is added to the cost of producing a product to determine its selling price.

Selling and Administrative Expenses

Costs not directly linked to the production of goods, including marketing, salaries of administrative staff, and other general expenses.

Split-off Point

The stage in a production process where joint products can be recognized as individual products.