Provide TWO Key Differences Between Products That Can Be Classified

question 34

Essay

Provide TWO key differences between products that can be classified as functional vs.innovative.Also after providing your list of two,provide an example of a functional product and an example of an innovative product.

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Definitions:

Sacred Church

A religious institution considered holy or divine by its followers.

Interest Earned

Revenue generated from interest-bearing accounts or investments, reflecting the amount of interest income accumulated over a period.

Bonds

Fixed-income securities that represent a loan made by an investor to a borrower, typically corporate or governmental, which includes terms for interest payments and the return of principal at maturity.

Journal Entry

A record that represents the business transactions in the accounting books, involving at least one debit and one credit.