_____ Goods Are Purchased Frequently with Minimum Effort

question 37

Multiple Choice

_____ goods are purchased frequently with minimum effort.

• A) Convenience
• B) Specialty
• C) Shopping
• D) Organizational

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Definitions:

Median

The middle value in a data set when the values are arranged in ascending or descending order.

Discretionary Expense

Non-essential spending or expenses that an individual chooses to make, which can be cut without impacting their ability to cover basic living costs.

Measures Of Central Tendency

Single numbers, such as the mean, median, and mode, designed to represent a “typical” value for the data.

Outliers

Outliers are data points in a dataset that deviate significantly from the rest of the distribution, potentially indicating an error or a unique underlying process.