Unsought Products Are Products That the Customer Usually Buys Frequently

question 166

True/False

Unsought products are products that the customer usually buys frequently, immediately, and with a minimum of comparison and buying effort.

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Definitions:

Franchisors

Entities that allow individuals or entities (franchisees) to operate a business under their brand and business model for a fee.

Freemium Business Models

A business strategy where basic services are provided free of charge while more advanced features must be paid for.

Market Competition

The rivalry among businesses to attract customers, increase sales, and improve market share by offering better products, prices, or services.

Professional Tax

A tax levied by state governments in India on individuals working in various professions, trades, and employment.