National Firms Started Putting Names on Their Products Because

question 28

Multiple Choice

National firms started putting names on their products because: 

• A) it would increase the economies of scale of their product. 
• B) their incomes were protected by the principle of unlimited liability. 
• C) brands commanded a higher price than commodities. 
• D) strict government regulations required them to do so.

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Definitions:

Matter

Anything that occupies space and has mass, composed of atoms or molecules and is the substance that makes up the physical universe.

States

Different forms in which matter can exist, typically observed as solid, liquid, gas, and plasma.

Solid

A state of matter characterized by particles that are closely packed together, resulting in a fixed volume and shape.

Liquid

A state of matter characterized by a definite volume but no fixed shape, conforming to the shape of its container.