Patrick Graduated from College This Year and Moved Back Home

question 80

Multiple Choice

Patrick graduated from college this year and moved back home with his parents to save money and pay off his college debts. What are individuals like Patrick called?

• A) sandwich generation
• B) Generation X
• C) boomerang kids
• D) second childhoods
• E) gatekeepers

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Definitions:

No-name Brand

Products that are not branded with a well-known or recognizable brand name, often sold at lower prices.

Surplus

An excess of production or supply over demand, often resulting in a decrease in prices.

Metering Strategy

A pricing strategy used by firms to charge consumers for the actual use of a service or product.

Profit Margins

The ratio or percentage of profit generated from sales after deducting costs, indicating the financial health and efficiency of a business.