Consumers Who Feel Time Constrained Are Always Interested in Products

question 133

True/False

Consumers who feel time constrained are always interested in products that are convenient and require low involvement in order to maximize their effectiveness and efficiency.

---

Definitions:

Variable Cost

Costs that vary directly with the level of production or business activity.

Machine Hour

A measure of production time, specifically the number of hours a machine is operated in the manufacturing process.

Fixed Cost

A cost that does not change with an increase or decrease in the amount of goods or services produced.

Total Expense

The sum of all costs and expenses incurred by a business during a specific period.