Which of the Following Statements About the Distinction Between Consumer

question 237

Multiple Choice

Which of the following statements about the distinction between consumer goods and B2B goods is the most accurate?

• A) The same product can be classified as either a consumer good or an industrial good, depending upon its end use.
• B) Industrial goods tend to have a useful life of several years and can be depreciated while consumer goods typically last less than a year.
• C) Consumer goods are typically more expensive than industrial goods.
• D) Industrial goods are custom-made to the specifications of the buyer, while the all consumer goods are mass-produced.

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Definitions:

Entropy

A measure of disorder or randomness in a closed system, often used in physics and information theory.

Equivalence

The state of being equal in value, function, or meaning.

Psychic Value

The importance or significance that an individual attaches to objects, events, or relationships as per their emotional or unconscious investment.

Desires

Strong feelings of wanting or wishing for something to happen or be the case.