In recent years, changes in technology have ______.
a. blurred the differences between products and services
b. made the differences between products and services more distinct
c. required products to be offered with services
d. made products more important than services
a. blurred the differences between products and services
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A newly-invented apple peeling and coring machine for the consumer market would be considered a(n)
A. shopping product. B. discretionary product. C. convenience product. D. specialty product. E. unsought product.
Wayne Company wishes to allocate overhead costs in a heavily automated production department. Direct labor hours would be a less appropriate cost driver than machine hours.
Answer the following statement true (T) or false (F)
Discuss the effectiveness of SFAS No. 13 in addressing the lease capitalization problem.
What will be an ideal response?
A warranty of merchantability means that
A) the buyer has the right to expect that the good is of the same quality as similar goods in its class. B) the good should prove suitable for the purpose it was purchased. C) the buyer should pay no more for the good than must be paid for similar goods in its class. D) within a period of time immediately following the sale of the good there is a money-back guarantee if not fully satisfied.