Zingz Is a Soft Drink That Is Widely Distributed Across

question 43

Multiple Choice

Zingz is a soft drink that is widely distributed across cities.It is available at gas stations,department stores,and vending machines.Consumers buy the soft drink without much thought or effort.Zingz is an example of a _____.

• A)​unsought major product
• B)specialty product
• C)convenience product
• D)​shopping product

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Definitions:

Fair Value

The cost that would be incurred to transfer a liability or the revenue expected from selling an asset, during a structured exchange among participants in the market, at the point of measurement.

Consolidated Financial Statements

Financial statements that integrate all assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries into one document.

Goodwill

An intangible asset that arises when a company acquires another company for a price higher than the fair value of its net identifiable assets and liabilities.

Shareholders' Equity

The residual interest in the assets of a company after deducting its liabilities, representing the ownership interest of shareholders.