A Cluster of Closely Related Goods and Services That Center

question 36

Multiple Choice

A cluster of closely related goods and services that center around a specific consumption activity is referred to as a:

• A) marketspace.
• B) market.
• C) metamediary.
• D) marketing channel.
• E) metamarket.

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Definitions:

Necessary and Proper Clause

A provision in the U.S. Constitution granting Congress the power to pass all laws deemed necessary and proper for carrying out its duties.

Congress Powers

The legislative powers granted to the U.S. Congress by the Constitution, including taxing, spending, and regulating interstate commerce.

Rational Basis Test

A standard of judicial review that requires a law to be rationally related to a legitimate government interest.

Means-Ends Test

A method of ethics that evaluates actions by examining the goals they seek to achieve and the means used to achieve those goals.