Which of the Following Statements About the Distinction Between Consumer

question 237

Multiple Choice

Which of the following statements about the distinction between consumer goods and B2B goods is the most accurate?

• A) The same product can be classified as either a consumer good or an industrial good, depending upon its end use.
• B) Industrial goods tend to have a useful life of several years and can be depreciated while consumer goods typically last less than a year.
• C) Consumer goods are typically more expensive than industrial goods.
• D) Industrial goods are custom-made to the specifications of the buyer, while the all consumer goods are mass-produced.

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Definitions:

Profit-maximizing Price

The price at which a company can sell its product to achieve the highest possible profit.

Salads and Steaks

A metaphor representing a range of consumer choices in the market, emphasizing the diversity in preference and consumption.

Tying Strategy

A business practice where a seller requires the buyer to purchase another one of its products as a condition for buying a desired product, often scrutinized for anti-competitive behavior.

Additional Profit

The profit gained in addition to the existing profit from business operations or investments.