Sophia: Introduction To Business – FINAL MILESTONE LATEST UPDATE RATED,100% CORRECT

Sophia: Introduction
Sophia: Introduction To
To Business – FINAL
Business –
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1

Which of the following best illustrates a substitute good?

Phillipe bought Brand B of diet soda when the price for Brand A increased.
Phillipe decided not to purchase diet soda when the price for Brand A
increased.
Phillipe bought Brand A of diet soda because it was his favorite brand.
Phillipe went to a different store to see if he could find a good price on Brand
A.



CONCEPT
Basics of Branding
2

Meredith created organic soaps and lotions and sold them at her local
farmers' market. She originally only accepted cash or checks from her



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customers, but she recently updated her booth space so that her customers
could make electronic payments using debit or credit cards.
Which of the following types of service did Meredith begin using?

Automatic
• teller machine
Point of sale terminal

Automated clearing house
Electronic check conversion

CONCEPT
Financial Institutions and Their Services
3

In modern times, companies need to be socially responsible toward various
stakeholders.
When a company ensures that its products will not cause personal
injury when used, the company is demonstrating particular


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Business – FINAL
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consideration to which stakeholder?




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