It is said that goods, services, and ideas are marketed. Define goods, services, and ideas and give at least one example of each.
What will be an ideal response?
Goods are physical objects, such as toothpaste, cameras, or computers that satisfy consumer needs. Services are intangible items such as airline trips, financial advice, or art museums. Ideas are intangibles involving thoughts about actions or causes such as donating to a charity or voting for a political candidate.
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Give an example of how a company might target products to children in an ethical way
What will be an ideal response?
When a new partner is admitted, the old partnership agreement is still in effect
Indicate whether the statement is true or false
All of the following are part of facilities, EXCEPT ______.
a. buildings b. products c. machines d. furniture
Most firms elected to define funds in the statement of changes in financial position as:
a. cash. b. working capital. c. current assets. d. owners’ equity.