Fads Are Characterized by Their ________

question 69

Multiple Choice

Fads are characterized by their ________.

• A) enduring nature that spans several generations
• B) low rates of adoption by consumers
• C) unusually high sales and rapid decline
• D) basic and distinctive modes of expression that seldom become unpopular
• E) non-attainment of the last two stages of the product life cycle

---

Definitions:

Installments

Regular payments made over a period of time to pay off a debt.

Stock Subscription Plan

A financing agreement allowing investors to subscribe to a new issue of stocks, often with payment and delivery at a later date.

Par Value

Par value is the nominal or face value of a bond, share of stock, or other financial instruments, as stated by the issuing company.

Installments

Payments made regularly over a set period of time to settle a debt or purchase, allowing the total cost to be spread out for ease of payment.