Which of the Following Statements Does Not Apply to Convenience

question 350

Multiple Choice

Which of the following statements does not apply to convenience goods?

• A) Consumers are brand loyal to convenience products and are not likely to substitute other brands.
• B) Convenience products require minimal shopping effort.
• C) Marketing of convenience products requires intensive exposure of these goods in as many stores as possible.
• D) Consumers tend to feel that the most desirable retail facility for convenience products is the closest one.
• E) Colas, gasoline, and bread are good examples of convenience goods.

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Definitions:

Loanable Funds

The market where savers supply funds for loans to borrowers.

Borrowers

Individuals or entities that take funds from a lender with the intention of paying back the borrowed amount plus interest.

Downsloping

A term describing a downward trend or decrease, often used in economics to refer to declining prices or demand curves that slope downwards as price increases.

Nominal Interest

is the stated interest rate of a loan or financial product, not adjusted for inflation, representing the face value of the interest charged or earned.