Coming Up with a Unique Good or Service Is a _____

question 12

Multiple Choice

Coming up with a unique good or service is a _____ approach, while adapting something that is currently on the market or extending the offering to an area where it is not presently available is a(n) _____ approach.

• A)new-new; old-old
• B)new-old; old-old
• C)new-new; new-old
• D)new-old; old-new

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Definitions:

Current Liabilities

Current Liabilities are obligations a company is expected to pay within the upcoming year, including accounts payable, short-term loans, and other accrued liabilities.

Liquidity

A measure of how easily assets can be converted into cash without significant loss in value, important for meeting short-term obligations.

Liquidity

The ease with which an asset can be converted into cash without affecting its market price.

Receivables Turnover

A financial ratio that measures how efficiently a company collects debt from its credit sales, calculated by dividing net credit sales by the average accounts receivable.