Which One of the Following Statements Best Differentiates Consumer Products

question 12

Multiple Choice

Which one of the following statements best differentiates consumer products from business products?

• A) Consumer products are classified based on how consumers buy them whereas business products are classified by how they are used.
• B) Consumers never purchase business products.
• C) Business sellers would never sell business products to consumers.
• D) Business products are intended to be used in specialized areas of organizations, and not in operating an entire organization.

Recognize the roles and impacts of tariffs, quotas, and protectionist measures on global trade and national economies.

Identify the effects of trade measures on the price of domestic goods and the global economy.

Understand the influence of global marketing developments on international trade.

Recognize the role and functions of the World Trade Organization (WTO) in facilitating and regulating international trade.

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Definitions:

White Missionaries

Religious figures, often from Western countries, who traveled to other parts of the world to spread Christianity.

Northwest Indians

Indigenous peoples originally living in the northwestern region of North America, known for their diverse cultures, languages, and historical resistance to European colonization.

Ghost Dance

A spiritual movement that emerged among Native American tribes in the late 19th century, promising the restoration of their lands and way of life through an apocalyptic event.

Federal Government

The national government of a federal country, which holds the authority to govern the nation as a whole, in contrast to state or local governments.