Consumers Who Buy Your Product Most or All of the Time

question 10

Multiple Choice

Consumers who buy your product most or all of the time are called:

• A) loyal customers
• B) cherry pickers
• C) brand switchers
• D) regulars
• E) automatic customers

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Definitions:

Circular-Flow Diagram

A diagrammatic representation illustrating the flow of economic resources through various markets, connecting households with firms.

Factors Of Production

Factors employed in the creation of goods or services with the aim of generating economic profit encompass land, labor, capital, and entrepreneurship.

Circular-Flow Diagram

A model that illustrates the movement of resources, goods, services, and money between households and firms in an economy.

Factors Of Production

The resources used in the production of goods and services, typically classified into four groups: land, labor, capital, and entrepreneurship.