Product Development Is a Strategy That Seeks Increased Sales by Improving

question 73

True/False

Product development is a strategy that seeks increased sales by improving or modifying present products or services.

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Definitions:

Return on Equity

Return on Equity (ROE) measures the rate of return that the owners of common stock of a company receive on their shareholdings, reflecting the efficiency with which their capital is utilized.

Equity Ratio

A financial ratio indicating the relative proportion of shareholders' equity used to finance a company's assets.

Total Asset Turnover

A financial metric that measures a company's efficiency in using its assets to generate revenue.

Stretching Payables

Extending the period to pay bills as long as possible without incurring penalties, to improve short-term liquidity.