When Conair Adds an Electrical Component That Automatically Shuts Off

question 148

Multiple Choice

When Conair adds an electrical component that automatically shuts off its curling irons when they have been left on for more than one hour.This improvement would best be classified as a(n)

• A) brand extension.
• B) product deletion.
• C) aesthetic modification.
• D) market extension.
• E) functional modification.

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Definitions:

Supply Curves

Graphical representations of the relationship between the price of goods and the quantity that producers are willing to supply.

Excise Tax

A tax levied on specific goods, services, or transactions, often to discourage their use or generate revenue.

Government Salaries

The remuneration received by individuals employed by the government, including wages, benefits, and allowances.

Property Tax

A tax levied by local governments on real estate properties, based on the assessed value of the property, to fund public services like education and infrastructure.