Inventions That Have Never Been Seen Before and Create a New

question 32

Multiple Choice

Inventions that have never been seen before and create a new market are considered

• A)repositioned products.
• B)revamped products.
• C)new-to-the-market products.
• D)new-category entries.
• E)product-line extensions.

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Definitions:

Debit

A financial transaction that causes a rise in the assets or a fall in the liabilities of a corporation's balance sheet.

Accounting Transactions

Economic events that require recording in the financial statements because they affect the assets, liabilities, or equity of a company.

Accounting Records

Documentation and books that keep track of the financial transactions of a business or individual, forming the basis for its financial statements.