The First Physical Tentative Form of a New Product That

question 56

Multiple Choice

The first physical tentative form of a new product that has the same properties as a new product but is produced through different manufacturing processes is called a(n) :

• A)concept.
• B)theory.
• C)hypothesis.
• D)prototype.
• E)image.

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Definitions:

Expectation

The anticipation or belief regarding the future performance of the economy, markets, or individual financial assets.

CDs

Certificates of Deposit, a financial product offered by banks that provides an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period.

Price Increase

A rise in the cost of goods or services.

Complements

Goods, such as Pepsi and pizza, that relate in such a way that an increase in the price of one shifts the demand for the other leftward.