The Decision to Delete a Product Is Never Taken Lightly

question 54

Multiple Choice

The decision to delete a product is never taken lightly because, generally, manufacturers

• A)have offered the product line to other firms for purchase.
• B)have made substantial investments in product development and manufacturing.
• C)have promised consumers they will maintain the product.
• D)have used brand repositioning to improve results.
• E)must meet federal standards when taking products off the market.

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Definitions:

Default

Failure to fulfill a duty or obligation, typically in the context of financial agreements such as failing to make loan payments.

Obtaining Control

The act of gaining the power or authority to manage or direct something or someone.

Collateral

Assets pledged by a borrower to secure a loan or credit, which the lender may seize if the borrower fails to repay the loan.

Deposit Account

A bank account that holds deposited funds, such as a savings or checking account, allowing for the deposit and withdrawal of money.