Hewlett-Packard Doesn't Currently Offer an E-Reader in Its Product Line

question 121

Multiple Choice

Hewlett-Packard doesn't currently offer an e-reader in its product line. However, if the company decided to enter the market by producing an e-reader of its own, it would be classified as what type of product?

• A)new-to-the-market
• B)revamped product
• C)new category entry
• D)product-line extension
• E)product-line improvement

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Definitions:

Credit Sales

Transactions where goods or services are provided to a customer with an agreement to pay at a later date.

Cash Sales

Transactions in which goods or services are paid for with cash at the time of the sale.

Sales on Account

Transactions where the customer purchases goods or services on credit and promises to pay the seller at a later date.

Merchandise

Goods or commodities that a business purchases or manufactures for sale to customers.