The Three Categories of Business Products Are Convenience Goods,shopping Goods,and

question 80

True/False

The three categories of business products are convenience goods,shopping goods,and specialty products.

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Definitions:

Payback Periods

The length of time required to recoup the initial investment in a project or investment, measured in years or months.

Higher Risk

Refers to the increased likelihood of experiencing a loss or encountering a negative outcome in an investment or other business activity.

Hurdle Rate

The minimum acceptable rate of return on an investment that a manager or company would consider in order to pursue the project.

Accounting Rate of Return

A financial ratio that measures the expected profit from an investment compared to its initial cost.