What Is a Feature of a Product or Service That

question 22

Multiple Choice

What is a feature of a product or service that customers have come to expect and that entering competitors must offer as well if they want to survive?

• A)Significant barrier.
• B)Entry barrier.
• C)Product differentiation.
• D)Entry chain.

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Definitions:

Credit Sales

Sales made by a business where the payment is delayed, typically documented with an invoice and recorded in accounts receivable.

Receivables Financing

A type of financing where a company uses its accounts receivable as collateral to secure short-term financing, improving liquidity.

Operating Cycle

The time period between the acquisition of inventory by a business and the collection of cash from accounts receivable.

Inventory

The total amount of goods or materials held by a company for the purpose of resale or production.