Which of the Following Is True About Generic Brands

question 7

Multiple Choice

Which of the following is true about generic brands?

• A)They are more popular today than ever before.
• B)They were first developed during the last period of economic prosperity in the United States.
• C)They were designed to appeal to the price-conscious consumer.
• D)They attract approximately 25 percent of all dollars spent in U.S.supermarkets.
• E)They are manufacturer brands.

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Definitions:

Principal

The main party to a transaction or agreement, often responsible for the obligations and benefits that arise from the contract.

UPA

Uniform Partnership Act, a standardized set of laws to govern the formation, operation, and dissolution of partnership businesses in the United States.

Liability

A legal responsibility or obligation, often involving the requirement to compensate for loss or damage.

Withdrawal

Withdrawal involves the act of removing oneself or ceasing to participate in an activity, agreement, or other commitments.