Which Trait Refers to the Extent to Which Material Goods

question 37

Multiple Choice

Which trait refers to the extent to which material goods are important in a consumer's life?

• A) materialism
• B) value consciousness
• C) vanity
• D) innovativeness
• E) possessiveness

---

Definitions:

Break-Even Point

The point at which total costs and total revenue are equal, resulting in neither profit nor loss.

Fixed Costs

Expenses that do not change with the volume of production or sales, such as rent, salaries, and insurance.

Variable Cost

A cost that varies with the level of output or activity, in contrast to fixed costs, which remain constant regardless of activity.

Fixed Costs

Expenses that do not change with changes in the volume of production or sales, such as rent, salaries, and insurance.