When Consumers Reach the Point of Brand ________, the Product

question 162

Multiple Choice

When consumers reach the point of brand ________, the product becomes a specialty good.

• A) association
• B) desire
• C) awareness
• D) insistence

---

Definitions:

Cash Assets

Assets in the form of cash or items that can be quickly converted to cash without significant loss of value.

Prior Period Adjustment

Corrections of errors or omissions in the financial statements of previous periods to accurately reflect past financial performance.

Retained Earnings

Retained earnings are the portion of a business's profits not distributed as dividends to shareholders but retained by the business for reinvestment.

Par Stock

The nominal or face value assigned to a share of stock, as stated in the corporate charter.