Consumer Products That the Buyer Either Does Not Know About

question 40

Multiple Choice

Consumer products that the buyer either does not know about or knows about but does not normally consider buying are referred to as ________ products.

• A) convenience
• B) unsought
• C) specialty
• D) shopping
• E) industrial

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Definitions:

Average Cost

The total cost of production divided by the number of units produced, indicating the cost per unit.

Copper

A reddish-brown metal with high electrical and thermal conductivity, used extensively in electrical wiring and plumbing.

Zinc

A metallic element used primarily for galvanizing steel and iron products to prevent rust; also important in biology and nutrition.

Production Function

An analytical expression that shows how the amounts of different inputs determine the maximum quantity of output that can be produced.