Trenton Security Sells Different Types of Security Systems

question 42

Multiple Choice

Trenton Security sells different types of security systems.The company also offers its customers a 24-hour help-line and maintenance services in case there are any problems with the system.These services are known as the _____.

• A)core product
• B)product mix
• C)complete product
• D)augmented product
• E)product line

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Definitions:

Domestic Producers

Domestic producers are companies or individuals that create goods and services within a country's borders.

Comparative Advantage

An economic principle that states a country should produce and export goods and services for which it is relatively more efficient at producing than other countries.

Absolute Advantage

The ability of an entity to produce a good or offer a service more efficiently than its competitors, using fewer resources.

Trade

The action of buying and selling goods and services among parties, which can occur within a country (domestic) or between countries (international).