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Explain What an Unsought Product Is and Give Some Examples

question 42

Essay

Explain what an unsought product is and give some examples.


Definitions:

Parts Division

A specialized unit or department within a company that focuses on the production or distribution of spare parts for products or equipment.

Machine Division

A segment within a manufacturing firm that focuses on the operation and maintenance of machinery.

Return On Investment (ROI)

A measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the return of the investment by its cost.

Residual Income

The net income that an investment earns beyond the minimum rate of return.

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