The Three Main Categories of Products Are ______

question 116

Multiple Choice

The three main categories of products are ______.

• A) speciality, customer product and manufacturing products
• B) convenience product, shopping product and specialty products
• C) shopping product, customer product, sales products

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Definitions:

Fiscal Period

A specified period of time used for financial reporting and budgeting, typically a year, quarter, or month.

Biweekly Salaries

Payments made to employees every two weeks, totaling 26 payments throughout the year.

Unearned Revenue

Money received by a company for a product or service that has yet to be delivered or performed.

Retainer Fee

A prepaid fee charged by professionals to clients to secure their services for a specified period.