Which of the Following Is an Example of an External

question 74

Multiple Choice

Which of the following is an example of an external product development strategy?

• A)new internally developed products
• B)enhancements to existing products
• C)alliances
• D)migrations of existing products
• E)All of the above are examples of internal product development strategy.

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Definitions:

Purchase Returns

Purchase returns involve goods sent back to the supplier, usually due to defects, inaccuracies, or dissatisfaction, resulting in a refund or credit.

Ending Inventory

The final value of goods available for sale at the end of an accounting period after all purchases and sales have occurred.

Gross Profit Method

An inventory estimation method used to estimate the cost of goods sold and ending inventory based on the gross profit margin.

Retail Inventory Method

An accounting method used in the retail industry to estimate inventory cost by relating the cost of merchandise and its retail price.