When Consumers Need A(n) ________, Price and Product Quality May

question 140

Multiple Choice

When consumers need a(n) ________, price and product quality may be irrelevant to the purchase decision.

• A) emergency product
• B) staple product
• C) impulse product
• D) shopping product
• E) unsought product

---

Definitions:

Merchandise Inventories

The total value of a company's goods that are ready for sale but have not been sold yet.

Cash Disbursements

Payments made by a business in cash, covering expenses such as operating costs and purchase of assets.

Merchandise Inventory

Goods that are purchased and held for resale by retail or wholesale businesses, representing a current asset on the balance sheet.

Cost of Goods Sold

The expense related to the production or purchase of the products sold by a company during a specific period, an essential component of a company's income statement.