For an Inessential Good, Which of the Following Is True

question 90

Multiple Choice

For an inessential good, which of the following is true?

• A)Quantity demanded is always zero.
• B)Quantity demanded is negative.
• C)Quantity demanded is always positive.
• D)Quantity demanded can be either positive or zero.

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Definitions:

Loyalty

The quality of being faithful to commitments or obligations, often used to describe customer behavior and the likelihood of continued patronage or support.

Strategic Fit

The alignment between an organization's strategic goals and the resources and capabilities at its disposal to achieve them.

Target Market

A specific group of consumers at which a product or service is aimed, characterized by shared demographic or psychographic traits.

Success

The achievement of a goal or target, often measured by specific criteria or standards, such as profit, recognition, or accomplishment of personal or professional objectives.