Which Set of Characteristics Is Representative of a Low-Involvement Purchase

question 135

Multiple Choice

Which set of characteristics is representative of a low-involvement purchase?

• A)The item to be purchased is expensive and frequently purchased, carries little risk, but requires research.
• B)The item to be purchased is inexpensive, seldom purchased, and risky, and requires little research.
• C)The item to be purchased is expensive and seldom purchased but carries little risk and requires little research.
• D)The item to be purchased is expensive, seldom purchased, and risky, and requires research.
• E)The item to be purchased is inexpensive and frequently purchased, is an item of limited risk, and requires little forethought.

Comprehend the growth and challenges of part-time employment in Canada.

Grasp the concept of deskilling in the workplace and its implications for profit and productivity.

Understand the role and impact of licensing practices and occupational associations.

Analyze the dynamics of the labour market in Canada, including shifts in part-time work rates and emerging growth sectors.

---

Definitions:

Unused Capacity

The resources and capabilities that a company has available but is not currently utilizing to their full extent, often an opportunity for increased production.

Centralization

The consolidation of decision-making authority at the top levels of an organization.

Owner/Manager-Operated

A business model where the owner actively manages the day-to-day operations of the company.

Negotiated Price Approach

The negotiated price approach involves establishing the price of a product or service through direct negotiation between sellers and buyers, rather than using fixed prices or market rates.