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Unsought Products Are Products That the Customer Usually Buys Frequently

question 166

True/False

Unsought products are products that the customer usually buys frequently, immediately, and with a minimum of comparison and buying effort.


Definitions:

Demand for Labor

The total amount of workers that employers want to hire at a given wage rate, in a given period.

Return on Capital

A measure of a company's profitability, calculated as the profit generated by its capital investment, often expressed as a percentage.

Immigration

Establishing permanent residence in a nation other than the one where you originally belong.

Productivity

The measure of how efficiently production inputs, such as labor and capital, are converted into outputs, i.e., goods and services.

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