Which of the Following Is an Example of a Product

question 56

Multiple Choice

Which of the following is an example of a product modification?

• A) lowering the price of textbooks
• B) dropping a product from the product line
• C) changing the color of a laundry detergent
• D) changing the amount of management time spent overseeing production
• E) increasing the number of distribution outlets

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Definitions:

Indorses

Refers to the act of signing the back of a financial document, thus transferring rights or ownership.

Security Funds

Financial reserves set aside to cover potential losses or liabilities, often used in contexts such as investments, insurance, and real estate.

Stop-Payment Order

An order by a bank customer to his or her bank not to pay or certify a certain check.

Subsequent Checks

Checks issued or actions taken following the initial or primary ones, typically as part of a series or sequence.