Which of the Following Statements Is True of Convenience Products

question 142

Multiple Choice

Which of the following statements is true of convenience products?

• A) Their distribution is highly selective.
• B) Their promotion is done by their producers.
• C) They include cars, computers, and cell phone service.
• D) They are expensive goods that hold little interest for consumers.

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Definitions:

Excise Tax

A tax imposed on specific goods, services, or activities, either as a fixed amount per unit (quantity tax) or as a percentage of the price (ad valorem tax).

Strategic Change

The process of implementing new strategies in an organization to address significant shifts in its internal or external environment.

Diversity Of Labor

The inclusion of a wide range of employees from different backgrounds, cultures, and experiences in the workforce.

Pricing Decision

A Pricing Decision is the strategic determination made by a company regarding how much to charge for its products or services, balancing competitiveness with profitability.