When a Current Product of a Company Has Been Enhanced

question 1

Multiple Choice

When a current product of a company has been enhanced to better serve consumer needs,it will fall in this new product category.

• A)New-to-the-world products
• B)New category entries
• C)Additions to product lines
• D)Product improvements

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Definitions:

Federal Government Budget Deficit

The financial situation that occurs when a government's expenditures exceed its revenues in a fiscal year.

Interest Rates

The charges levied by lenders on borrowers for the privilege of using the lender's money, expressed as a proportion of the borrowed amount per unit of time.

U.S. Dollar

The official currency of the United States, which serves as a major reserve currency and is used in many international transactions.

Federal Budget Surplus

A financial situation where the government's revenue exceeds its expenditures within a fiscal year.