A Brand That Is Owned by a Producer Is Called

question 132

Multiple Choice

A brand that is owned by a producer is called a

• A) store brand.
• B) generic mark.
• C) manufacturer brand.
• D) private brand.
• E) dealer brand.

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Definitions:

Stockholders' Equity

The ownership interest of shareholders in the assets of a corporation, calculated as total assets minus total liabilities.

Accounts Payable

Amounts a company owes to suppliers or creditors for goods and services received but not yet paid for, recorded as a liability.

Supplies

Items that are used in the day-to-day operation of a business but do not directly relate to the goods or services sold.

Balance Sheet

A financial statement that provides a snapshot of what a company owns (assets), owes (liabilities), and the value of shareholders' equity at a specific point in time.