Scenario 21-2 Fred Has Recently Graduated from College with a Degree in Degree

question 140

Multiple Choice

Scenario 21-2
Fred has recently graduated from college with a degree in journalism and economics. He has decided to pursue a career as a freelance journalist writing for business newspapers and magazines. Fred is typically awake for 112 hours each week (he sleeps an average of 8 hours each day) . For each hour Fred spends writing, he can earn $75. Fred is such a good writer that he can get paid for as many hours of writing as he chooses to work.
-Refer to Scenario 21-2.If Fred decides to spend 80 hours a week playing volleyball on the beach and the rest of his time writing,how much income will he have available to spend on consumption goods?

• A) $900
• B) $1,500
• C) $2,400
• D) $3,000

---

Definitions:

Target Market

A specific group of consumers identified as the intended recipients of a company's marketing efforts, characterized by shared demographics or interests.

Consumer Culture

A social and economic order that encourages the acquisition of goods and services in ever-increasing amounts, highlighting the relationship between consumer practices and societal values.

Regional Culture

The shared customs, beliefs, arts, and historical heritage of a specific geographical area, influencing the lifestyle and behavior of its inhabitants.

Regional Culture

The distinctive set of social norms, practices, attitudes, and values that characterize a geographical area or community.