Apple's IPhone Has a Feature Known as Apple Pay That

question 14

Multiple Choice

Apple's iPhone has a feature known as Apple Pay that lets you use your phone to pay for credit purchases, meaning you could leave your wallet at home. This feature sets the smartphone apart from its competitors and is part of Apple's strategy for

• A)product segmentation.
• B)market expansion.
• C)product differentiation.
• D)usage segmentation.
• E)psychographic segmentation.

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Definitions:

Sound Judgment

The ability to make considered decisions or come to sensible conclusions.

Clean Audit Opinion

An auditor's report that states financial statements of a company are free from material misstatement and are presented fairly in accordance with the applicable financial reporting framework.

Unmodified Opinion

An auditor's report that concludes the financial statements of an entity present fairly its financial position, without any reservations.

Management Discussion and Analysis

A section in an annual report where management provides an overview of the previous period's operations, current financial status and future outlook.