Which of the Following Terms Refers to Consumers' Propensity to Buy

question 112

Multiple Choice

Which of the following terms refers to consumers' propensity to buy?

• A) Disposable income
• B) Discretionary income
• C) Buying power index
• D) Buying power
• E) Willingness to spend

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Definitions:

Product Liability Actions

Legal actions taken against manufacturers or sellers for damages caused by defective products.

Defenses

Legal strategies and arguments used by defendants in a lawsuit or criminal case to counteract or negate the claims made by the plaintiff or prosecution.

Bystander Theory

A legal theory suggesting a person or entity may be liable for injuries to a bystander caused by their failure to control or warn about hazards they are responsible for.

Warning Label

A label on a product that indicates potential hazards to consumers and outlines measures to prevent accidents or injuries.