Match the Term with Its Definition

question 20

Essay

Match the term with its definition.
a.Channel of distribution
b.Copyright
c.Patent
d.Product
e.Product item
f.Product life cycle
g.Product line
h.Product mix
i.Product mix consistency
j.Product strategy
k.Sustainable competitive advantage
l.Warranty
-The way the product component of the marketing mix is used to achieve a business's objectives.

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Definitions:

Liquidity

A measure of how quickly and easily an asset or security can be converted into cash without significantly affecting its market price.

Profitability

A measure of the efficiency and effectiveness with which a company or business generates profit from its operations.

Non-Interest-Bearing Note

A promissory note that does not accrue interest over time, meaning the borrower only repays the principal amount.

Note Payable

A written promise to pay a specified amount of money, usually with interest, at a future date, classified as a liability on the balance sheet.