The Relative Importance of Housing in the Breakdown of Consumer

question 186

Multiple Choice

The relative importance of housing in the breakdown of consumer spending is

• A)42 percent.
• B)15 percent.
• C)6 percent.
• D)4 percent.

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Definitions:

Salesperson Knowledge

The information and skills that a sales representative possesses, which can include product details, market insights, and customer service techniques.

Product

Any item or service offered for sale, designed to meet a specific need or demand in the market.

Service

Making a contribution to the welfare of others; the product which is an action or activity done for others for a fee.

Premium

Refers to a payment made for insurance coverage or an amount paid for a product/service above its standard cost.