As Reported on NPR Online Feed: a 1981 Self-Portrait of Celebrated

question 250

Multiple Choice

As reported on NPR online feed: A 1981 self-portrait of celebrated photographer Cindy Sherman sold at a Christie's auction in 2011 for just short of $4 million dollars.According to Christie's,this was the highest price ever received for a photograph in the history of the auction business.As a student of marketing,you would classify this photo and other rare items sold through Christie's as____________.

• A)unsought for goods
• B)specialty goods
• C)intangible goods
• D)shopping goods

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Definitions:

Equal Payments

Recurrent payment amounts in a financial agreement, such as a loan or lease, where each installment is the same over a given period.

Focal Date

A specific point in time that serves as a reference or target for financial calculations or contractual obligations.

Loan Date

The specific date on which a loan agreement is signed, and the funds are disbursed to the borrower.

Plant Capacity

Plant capacity refers to the maximum output or production that a manufacturing facility can achieve under normal conditions.