Products That Take a Firm into a Product Type New

question 74

Multiple Choice

Products that take a firm into a product type new to it but that are not new to the world are known as _____.

• A) new-to-the-world products
• B) new-to-the-firm products
• C) additions to existing product lines
• D) product improvements

---

Definitions:

Purchase Order

A document issued by a buyer to a seller, detailing types, quantities, and agreed prices for products or services.

Bill

A statement of money owed for goods sold or services provided, typically specifying the total amount due and payment terms.

Inventory Transactions

Operations or activities involving the purchase, sale, or management of stock and merchandise in a business.

QBO

Stands for QuickBooks Online, an accounting software that helps in managing business finances in the cloud.