The Two Main Classifications of Business Products Are

question 297

Multiple Choice

The two main classifications of business products are

• A)durable and nondurable.
• B)shopping and support.
• C)tangible and intangible.
• D)production and industrial.
• E)components and support.

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Definitions:

Cash Flow

The total interchange of cash and assets comparable to cash, circulating in and out of a commercial venture.

Creditors

Individuals or institutions that lend money or extend credit to others, expecting repayment.

Long-Term Debt

Borrowings and financial obligations lasting more than one year, used to finance a company’s operations or other long-term investments.

Operating Cash Flow

Cash generated by a company’s core business operations.