Which of the Following Statements Is True of Unsought Products

question 87

Multiple Choice

Which of the following statements is true of unsought products?

• A)Unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort.
• B)A life insurance policy is an example of an unsought product.
• C)Unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort.
• D)As compared to convenience products, unsought products are purchased more frequently.
• E)Unsought products are those products purchased for further processing or for use in conducting a business.

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Definitions:

Payroll Tax Forms

Official documents used to report employment taxes withheld from employees' paychecks to governmental tax authorities.

Form 940

A tax form used in the United States to report annual Federal Unemployment Tax Act (FUTA) tax details to the Internal Revenue Service (IRS).

Form 941

The IRS tax form used by employers to report quarterly federal income tax withheld and Social Security and Medicare taxes.

Weekly Timesheet

A record used to detail the number of hours worked by an employee during a specific week, often used for payroll purposes.