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Define and Give One Example of Each of the Following

question 53

Essay

Define and give one example of each of the following:
a. product line extension
b. product form extension


Definitions:

Rights Of Owners

Entitlements or privileges that come with owning equity or shares in a corporation, including voting rights, dividends, and the right to share in the assets of the company during liquidation.

Owner's Rights

The legal entitlements or claims a person has over an asset or property, reflecting one's ownership and the benefits and responsibilities that come with it.

Creditors' Rights

The legal entitlements and protections afforded to lenders or creditors to ensure repayment of debt or loans.

External Users

Individuals or entities outside a company who have an interest in the company's financial information, such as investors and creditors.

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