When Shopping for a Used Car, Anoop Is Leaning Towards

question 85

Multiple Choice

When shopping for a used car, Anoop is leaning towards buying a Toyota over a Ford, because he has read reports that Toyota is a more reliable car brand. Anoop's behavior is an example of:

• A)screening.
• B)statistical discrimination.
• C)building a reputation.
• D)signaling.

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Definitions:

Inventory Decreased

A situation where the quantity of goods available for sale by a business is reduced, typically because of sales or use.

Purchases

The total amount of goods and materials acquired by a business for resale or production within an accounting period.

Cost of Goods Available

The total cost of a company's inventory that is available for sale during a certain period.

Net Purchases

The total purchases minus returns, allowances, and discounts.