Sam Purchases Coffee from the Same Vendor Every Morning

question 62

Multiple Choice

Sam purchases coffee from the same vendor every morning.This is an example of a(n) _____.

• A)spontaneous purchase
• B)habitual purchase
• C)high-involvement purchase
• D)viral purchase
• E)impulse purchase

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Definitions:

Absolute Advantage

The ability of a party to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources.

Oranges

Oranges are a type of citrus fruit commonly consumed worldwide, known for their high vitamin C content.

Peaches

A juicy, soft fruit with a yellowish-pink flesh and fuzzy skin, typically eaten fresh or used in cooking and canning.

Opportunity Cost

Opportunity cost is the value of the best alternative foregone when a decision is made to pursue a particular action or resource allocation.