Super Chef Appliance Company Allows Reba to Take a Set

question 28

Multiple Choice

Super Chef Appliance Company allows Reba to take a set of kitchen appli?ances that she bought from Super Chef even though she has not paid the full price.Super Chef's legally sufficient financing statement in the goods need not include

• A)a description of the collateral.
• B)a statement of the reason for allowing Reba to take the goods.
• C)Super Chef's name.
• D)Reba's name.

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Definitions:

Product Diversification

A strategy employed by companies to increase profitability and achieve growth by adding new products or entering into different markets that differ from the existing lineup.

Brand Extension

The strategy of using an established brand name to launch a new or modified product in a different category.

Bic Brand Name

A well-known brand that specializes in making disposable consumer products such as lighters, razors, and pens.

Innovation Strategy

An approach a company takes to encourage new ideas, creative thinking, and new project developments to gain a competitive advantage.