Compare and Contrast the Three Types of Product Modifications and Give

question 102

Essay

Compare and contrast the three types of product modifications and give an example of how each could be implemented.

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Definitions:

Parent

In financial terms, this refers to a parent company that owns enough voting stock in another company to control its operations and policies.

Subsidiary

A company that is completely or partly owned and partly or wholly controlled by another company, known as the parent company.

Affiliate

A company that is controlled by a parent company or is closely related to another company through common ownership or control.

Available-for-sale Securities

Financial assets that are not classified as held-to-maturity or trading securities, and can be sold in the short term for liquidity purposes.