What Is an Inexpensive Good or Service Purchased and Consumed

question 148

Multiple Choice

What is an inexpensive good or service purchased and consumed rapidly and regularly called?

• A)Convenience good
• B)Impulse good
• C)Shopping good
• D)Bargain good
• E)Instinct good

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Definitions:

Probability Distributions

Probability distributions describe the likelihood of different outcomes in a stochastic process or experiment.

NPV

NPV, or Net Present Value, is a financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time, used in capital budgeting to gauge the profitability of an investment.

Discount Rates

The rate of interest applied in discounted cash flow (DCF) analysis to calculate the current value of future cash flows.

NPV

NPV - Net Present Value, a financial metric used to evaluate the profitability of an investment or project, calculating the difference between the present value of cash inflows and outflows.