Raven Created the Sample Versions of Her Toy Products and Tested

question 48

Multiple Choice

Raven created the sample versions of her toy products and tested them in kindergartens and play parks.These sample versions of the toys are referred to as _____.

• A) hybrids
• B) pure goods
• C) me-too products
• D) prototypes

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Definitions:

Resources

The assets, materials, and inputs used to produce goods and services, including natural resources, human talent, and capital.

Fascism

A political ideology characterized by authoritarian power, dictatorial leadership, and the suppression of democratic institutions and societal opposition.

Means of Production

The physical, non-human inputs used for the production of economic value, such as factories, tools, and raw materials.

Standard of Living

measures the wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a geographic area.