Which of the Following Is the Weakest Example of a Product

question 29

Multiple Choice

Which of the following is the weakest example of a product fulfilling a real need?

• A) A drug that cures lung cancer.
• B) A software program that is much better than anything else on the market.
• C) A TV/VCR combo.
• D) Multi-color laundry baskets.
• E) None of the Above.

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Definitions:

Increase Assets

Refers to the growth in the economic resources owned or controlled by a business that can produce value.

Decrease Assets

A reduction in the value or amount of the economic resources owned by an entity.

Accounting Equation

The fundamental principle of accounting that represents the relationship between an entity's assets, liabilities, and equity (Assets = Liabilities + Equity).

Liabilities

Financial obligations or debts that a company owes to others, which must be settled over time.