What Type of Good Is One Whose Quality Is Relatively

question 26

Multiple Choice

What type of good is one whose quality is relatively easy to evaluate before purchase?

• A)Consumer packaged good
• B)Search good
• C)Experience good
• D)Automobile
• E)Appliance

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Definitions:

Copyright

A legal right granted to creators for the protection of their original works from unauthorized use or distribution.

Intellectual Property

Pertains to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names, and images used in commerce.

Technical Giants

Large and influential companies that lead in the development and manufacturing of technology products and services.

Trade Secret

Confidential business information that provides a company with a competitive edge and is therefore not disclosed to the public.