Unsought Goods and Services Are Purchased on Impulse and Provide

question 259

True/False

Unsought goods and services are purchased on impulse and provide no added value to consumers.

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Definitions:

Debit Card

A card that directly subtracts funds from a buyer's checking account to finance a purchase.

Credit Card

A payment card issued by a financial institution that allows the cardholder to borrow funds with the promise to repay, with interest, at a later date.

Relative Cumulative Frequency

A statistical measure that shows the proportion of observations below a particular value in a dataset.

Percentile

A measure that indicates the value below which a given percentage of observations in a group falls.