As Described in the Text,entrepreneurs Carlton and Hazel Solle Created

question 27

Multiple Choice

As described in the text,entrepreneurs Carlton and Hazel Solle created Bioscarf as an alternative to common filtration masks.This is an example of a ______ market.

• A)mass
• B)niche
• C)segmented
• D)diversified

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Definitions:

Reportable Segment

A component of an enterprise for which separate financial information is available and is evaluated regularly by the chief operating decision maker in deciding how to allocate resources.

External Customers

Individuals or entities that purchase goods or services from a company but are not part of the company itself.

Revenue

Income arising in the course of an entity’s ordinary activities.

Entity Wide Basis

An approach to financial reporting that presents the aggregate information of all segments and activities of an entity.