Products or Services with a High Degree of Similarity of Features

question 12

Multiple Choice

Products or services with a high degree of similarity of features and components are called:

• A)generic.
• B)copy-cat.
• C)rip-offs.
• D)product families.
• E)product/service matrix.

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Definitions:

Common Stock

An equity security that represents ownership in a corporation, entitling shareholders to a share of the company's profits through dividends.

Dividends

Payments made by a corporation to its shareholder members from its profits.

Net Income

The amount of money a company effectively earns as profit after reducing its revenue by expenses and taxes.

Trial Balance

A worksheet for accounting where the total balances of all ledgers are arranged into equal debit and credit columns.