Unilever Owns the Lipton Tea Brand

question 12

Multiple Choice

Unilever owns the Lipton tea brand.When Unilever introduced Pyramid tea bags,which provide tea leaves with more room to move,and therefore,produce a better tasting brew it was an example of a(n) :

• A) product line contraction
• B) quality modification
• C) aesthetics modification
• D) obsolescence factor
• E) functional modification

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Definitions:

Equity Insolvency Test

A method to determine if a company can meet its financial obligations as they come due without having to sell off assets.

Revised Act

An updated or amended version of a legislative act, incorporating changes made since its original enactment.

Promissory Note

A written, legally binding document in which one party promises to pay a specified sum of money to another party under agreed terms.

Takeover Bid

An offer made to acquire some or all of shareholders' shares in a corporation with the aim of gaining control of the company.