If a Business Enhances the Quality of a Product, Makes

question 68

Multiple Choice

If a business enhances the quality of a product, makes it more convenient to use, improves its durability, or makes it more up-to-date, any one of those initiatives fall under the category of ________.

• A) increasing the market penetration of an existing product or service
• B) extending product lines
• C) geographic expansion
• D) licensing
• E) improving an existing product or service

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Definitions:

Investment

The allocation of resources, such as capital or time, with the expectation of generating income or profit.

Capital Credit

Credits or allocations given to cooperative members based on their use or purchase levels, representing their ownership equity in the cooperative.

GAAP

Generally Accepted Accounting Principles, the standard framework of guidelines for financial accounting used in any given jurisdiction.

Book Values

The value of an asset or liability according to a company's balance sheet, accounting for depreciation or amortization.