The Proliferation of Brands for Products Such as Shampoo, Toilet

question 49

Multiple Choice

The proliferation of brands for products such as shampoo, toilet paper, and bottled water, shows that:

• A)Even the most basic products can be differentiated
• B)With online shopping the future for generic 'commodity' products looks bleak; soon all end-consumer products will be differentiated
• C)Answers a and b
• D)None of the above

---

Definitions:

Shale

A fine-grained sedimentary rock that can contain significant amounts of oil and natural gas within its layers.

User Cost

The economic cost of using a good or service, including the opportunity cost of not having the good available for future use.

Extraction Cost

The expenses associated with the removal of resources or raw materials from the earth, such as mining, drilling, or quarrying.

Quantity of Gold Bars

The quantity of gold bars represents the physical amount of gold, measured in bars, that an entity possesses or trades.