________ Spend Less Than Average on Most Products and Services

question 7

Multiple Choice

________ spend less than average on most products and services because their households are small and their incomes are low.

• A) DINKS
• B) Twenty-somethings
• C) Thirty-somethings
• D) Seniors

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Definitions:

Implied Condition

A term in a contract that is not expressly stated but is assumed to exist to fulfill the contract's purpose.

Caveat Emptor

A Latin phrase meaning "let the buyer beware," which implies that the buyer assumes the risk about the quality and condition of the product being sold.

Retention of Deposit

The act of keeping an advance payment or security deposit until certain conditions are met, typically used in leasing or contracting scenarios.

Custom-Made

Specifically designed and made to an individual's specifications or requirements; tailor-made.