Which of the Following Is Not a Characteristic of a Consumer

question 193

Multiple Choice

Which of the following is not a characteristic of a consumer market?

• A)it consists of purchasers who intend to consume or benefit from the purchased products
• B)they do not buy products for the main purpose of making a profit
• C)they are sometimes referred to as B2C markets
• D)their purchasing decisions are always made by only one individual
• E)they may buy the product, but not use it themselves

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Definitions:

Price Floors

Legally established minimum prices for goods or services, intended to ensure they cannot be sold below a certain price.

Inefficiently Low Quality

A situation where a product or service is produced with a quality level that is not optimal for consumer satisfaction or cost efficiency.

Wasted Resources

Resources that are not utilized in an efficient manner, often leading to economic inefficiency or loss.

Price Floor

A government-imposed minimum price that can be charged for a good or service, designed to protect producers by ensuring that market prices do not fall below a certain level.