Which of the Following Statements About Durable Goods Is True

question 37

Multiple Choice

Which of the following statements about durable goods is true?

• A) Durable goods are more likely than perishable goods to involve low-involvement decisions.
• B) The information search is quicker for durable goods than it is for nondurable goods.
• C) Consumers purchasing durable goods are likely to use habitual decision making.
• D) Product evaluation is more likely to take place for nondurable goods than for durable goods.
• E) Durable goods provide a benefit over a long period of time.

Analyze mortality data to determine risk and relative risk in studies.

Calculate and interpret the proportion of disease cases attributable to a specific factor among the exposed group.

Identify the best measure of association for explaining the impact of exposure on disease occurrence.

Apply the concept of population proportion attributable risk to assess the impact of a risk factor on a population.

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Definitions:

Measurable

Capable of being quantified or precisely assessed.

Social Responsibility Pyramid

A framework suggesting that businesses are responsible to their stakeholders in a hierarchical manner, starting from economic, legal, ethical, to philanthropic responsibilities.

Milton Friedman

was an American economist known for his strong belief in free-market capitalism and for being a leading proponent of monetarism.

Economic Responsibility

Refers to the duty of organizations to make decisions that benefit the financial health of both the company and the wider economy.