Which of the Following Characteristics Distinguishes Business Products from Consumer

question 1

Multiple Choice

Which of the following characteristics distinguishes business products from consumer products?

• A) Physical form
• B) Intended use
• C) Distribution method
• D) Price

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Definitions:

Investment

Investment is the act of allocating resources, usually money, with the expectation of generating an income or profit.

Short-Run Aggregate-Supply

A variation in phrasing to describe the responsiveness of the quantity of goods and services produced by an economy to a change in price level in the short term.

Output

The total amount of goods and services produced by an economic system.

Price Level

An index of the average prices of goods and services in an economy over a given period of time, indicating the cost of living and inflation.