A Durable Good Is a Product That

question 26

Multiple Choice

A durable good is a product that:

• A) does not wear out.
• B) can be used by more than one consumer.
• C) is expected to last more than one year.
• D) cannot be destroyed.

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Definitions:

Transmit Message

The process of conveying information or meaning from one entity or group to another through the use of mutually understood signs and semiotic rules.

Corporate Grapevine

The corporate grapevine is the informal and unofficial communication network within an organization, through which information, rumors, and gossip spread.

Effective Communication

The exchange of information in a way that is accurately received and understood by all parties involved.

Knowledge Management

The process of creating, sharing, using, and managing the knowledge and information of an organization to achieve objectives.