_____ Refer to Existing Products That Are Targeted at New

question 17

Multiple Choice

_____ refer to existing products that are targeted at new applications and new market segments.

• A)Line extensions
• B)Brand extensions
• C)Innovations
• D)Repositionings

---

Definitions:

Payroll Taxes

Levies placed on both employers and employees, often determined as a portion of the wages that businesses provide to their workforce.

Hourly Wage Rate

The amount of money paid for each hour of work, commonly used to compensate hourly employees.

Labor Variances

Differences between the actual labor costs incurred and the standard labor costs expected for the work performed.

Standard Labor Rate

A predetermined cost per labor hour, used in budgeting and cost control for planning and evaluating labor expenses.