Describe the three different levels of a product
What will be an ideal response?
The three layers, or levels, of the product are the core product, the actual product, and the augmented product. The core product consists of all the fundamental benefits the product will provide for the consumer. The actual product is a combination of tangible and intangible attributes that deliver the core benefits. These attributes can include features, style, and brand. The augmented product is the actual product plus other additional features that enhance ownership of the actual product, such as financing or a warranty.
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Various types of ways that fraud could be perpetrated should be hypothesized by the auditor prior to conducting audit testing
a. True b. False Indicate whether the statement is true or false
Legacy systems are
a. old manual systems that are still in place. b. flat file mainframe systems developed before client-server computing became standard. c. stable database systems after debugging. d. advanced systems without a data warehouse.
Heightened concern with fitness might be a threat to some companies and an opportunity to others. In the SWOT framework, these are ________ environmental factors.
A. not relevant external B. internal C. external D. both internal and external
Comparative advantage was once the cornerstone of international trade theory, but today it is archaic, simplistic, and irrelevant for explaining investment choices made by MNEs
Indicate whether the statement is true or false.