A Brand Variant Is Created When a Company Adapts and Expands

question 16

True/False

A brand variant is created when a company adapts and expands its current brand into a totally new product area.

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Definitions:

Dividends

Payments made by a corporation to its shareholders, usually as a distribution of profits.

Gross Profit Percentage

A financial ratio that expresses the gross profit as a percentage of sales revenue, indicating the efficiency of production and cost management.

Cost of Goods Sold

Costs directly related to the creation of a company's sold products, involving expenses for materials and workforce.

Net Income

The total earnings of a company after subtracting all expenses from revenues, which includes costs, interest, taxes, and other expenditures.