Cecile Is an Avid Cook and Enjoys Spending Time in the Kitchen

question 158

Multiple Choice

Cecile is an avid cook and enjoys spending time in the kitchen as well as watching shows on the Food Network. She recently remodeled her kitchen and purchased new appliances. Since she enjoys cooking so much, Cecile purchased a commercial range from a local restaurant supply store and it features double ovens and 12 burners. Her contractor had to make some modifications to enhance the safety of this stove for use in her home but no other changes were needed. What type of product is the stove in the context of this example?

• A) Consumer
• B) Business
• C) Shopping
• D) Convenience

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Definitions:

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.

Corporate Blog

A formally maintained web blog by a company to share insights, announce product launches, and engage with its audience in a more conversational tone.

Crisis Situations

Emergency or critical circumstances that require immediate attention, often posing significant threat or risk to people, property, or stability.

Sales Trends

Patterns or changes in the volume of sales over time, which can provide insights into market behavior and consumer preferences.