A product is defined as a business product rather than a consumer product on the basis of its__________
Fill in the blanks with correct word.
ANSWER: intended use
A business product or industrial product is used to manufacture other goods or services, to facilitate an organization's operations, or to resell to other customers. A consumer product is bought to satisfy an individual's personal wants or needs. The key characteristic distinguishing business products from consumer products is intended use, not physical form.
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Torts are civil wrongs that arise from contracts
a. true b. false
A Hypothetical Rating Migration, or Transition Matrix, reflects all of the following EXCEPT
A. rating at which the portfolio ended the year. B. transition probabilities. C. rating at which the portfolio of loans began the year. D. future migration expected in the portfolio. E. the average proportions of loans that began the year.