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Lisa goes to the local appliance store and buys an oven on credit. The store extends her credit. The store's security interest in the oven perfects when the store:
Capital Goods
Long-lasting goods acquired or manufactured by a business that are used in the production of other goods or services, rather than being sold to consumers.
Opportunity Cost
The expense incurred by not selecting the second-best choice available when deciding between multiple options.
Consumer Goods
Products and services that are purchased for consumption by the average household or end user, rather than for the purpose of resale or further processing.
Capital Goods
Are tangible assets such as buildings, machinery, equipment, vehicles, and tools that an organization uses to produce goods or services.
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