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Scenario 3-1In the early and mid-1800s, soaps were made from animal fats. The perishable quality of the soap, however, meant that manufacturers could only sell a product with regional appeal. This changed when soap makers began to use vegetable fats and perfume in the soap-making process. According to Procter & Gamble, one batch of this vegetable-based soap was left to mix too long. The result was a product that floated in water due to an excess amount of air. The company turned this into a selling point and, in 1882, launched one of the first soaps with the potential for national sales-Ivory soap-with the slogans "It floats" and "99-44/100 percent pure."
-(Scenario 3-1) To which of the following eras does Ivory soaps belong?
Manufacturing Department
A specialized division within a company that is focused on the production of goods.
Payroll Accounting
The process of recording and managing all financial transactions related to employee compensation.
Return On Investment
A profitability ratio measuring the gain or loss generated on an investment relative to the amount invested.
Invested Assets
Refers to resources allocated by individuals or entities into various types of investment vehicles aiming for future returns.
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