Which of the Following Consumer Trends Is a Response to the Frequent

question 23

Multiple Choice

Which of the following consumer trends is a response to the frequent reports of terrorism and political unrest?

• A) buying time
• B) vertical integration
• C) the sharing economy
• D) shopping for control
• E) keystoning

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Definitions:

Consideration

An item of worth traded between entities within a contractual agreement, rendering the contract enforceable by law.

Enforce

To compel observance of or compliance with a law, rule, or obligation.

Consideration

The concept in contract law that involves something of value exchanged between parties, which is necessary for a contract to be considered legally binding.

Lesser Sum

An amount of money that is smaller in comparison to another sum, often within the context of payment obligations or settlements.