Star Homes Inc

question 54

Multiple Choice

Star Homes Inc. just recorded a transaction in its books of accounts. If this transaction increased the total liabilities by $7,000:

• A)assets must increase, or equity must decrease by $7,000.
• B)assets or equity must decrease by $7,000.
• C)both assets and equity must each decrease by $3,500.
• D)assets must decrease by $7,000.

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Definitions:

Subbranding

The strategy of creating a secondary brand within the main brand to cater to a different segment of the market or to differentiate products within the same category.

Multibranding

A marketing strategy where a company markets multiple brands within the same product category, catering to diverse customer preferences.

Family Branding

A marketing strategy where a single brand name is used for selling multiple related products.

Global Branding

The process of designing, creating, and applying a brand name, logo, and unified marketing strategy across different countries and cultures to maintain a consistent brand image worldwide.