Which Type of Buyer Do You Think Would Purchase One

question 18

Multiple Choice

Which type of buyer do you think would purchase one of Ron Popeil's products,such as the Veg-O-Matic?

• A)loyal customers
• B)competitor's customers
• C)brand switchers
• D)price buyers
• E)All of the choices are potential customers for a Veg-O-Matic.

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Definitions:

APC

In economics, stands for Average Propensity to Consume, which is the ratio of total consumption to total disposable income.

APC

Average Propensity to Consume, which is the fraction of income that households spend on consumption as opposed to saving.

APS

Stands for Average Propensity to Save, which measures the proportion of income that households save rather than spend on goods and services.

Autonomous Consumption

The level of consumption that occurs when income is zero, representing the consuming behavior independent of current income.