_____ Products Have Lots of Substitutes or Are Not Necessities

question 66

Multiple Choice

_____ products have lots of substitutes or are not necessities.

• A)Elastic
• B)Hybrid
• C)Inelastic
• D)Augmented

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Definitions:

Bank Service Charges

Fees charged by banks for various account services.

Note Collected

An increase in cash or accounts receivable resulting from the collection of a promissory note.

Accounts Receivable

Represents the money owed to a company by its customers for goods or services that have been delivered but not yet paid for.