The Trickle-Down Effect Can Occur Primarily Because the

question 22

Multiple Choice

The trickle-down effect can occur primarily because the

• A) upper class has more money to spend.
• B) upper class pays close attention to advertising.
• C) upper class works in public view, and thus receives more exposure.
• D) lower class may aspire to raise its social standing.
• E) lower class has enough money to spend on different types of products and services.

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Definitions:

Bailee

A bailee is a person or party to whom goods are delivered for a specific purpose, under an agreement or contract, with the obligation to return the goods after the purpose is fulfilled.

In Transit

Refers to goods or individuals that are in the process of being transported from one location to another.

Nonconforming Goods

Refers to products or goods delivered under a contract that fail to meet the specifications or standards agreed upon.

Acceptance

The act of agreeing to the terms of an offer, thus creating a binding contract between the parties.