Figure 10-1 -Very Infrequent Purchases and Limited Distribution Are Characteristic of Products

question 238

Multiple Choice

Figure 10-1

-Very infrequent purchases and limited distribution are characteristic of products that a prospective buyer may not initially want,which makes awareness essential.This type of consumer product is referred to as a(n)

• A)unsought product.
• B)shopping product.
• C)convenience product.
• D)specialty product.
• E)support product.

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Definitions:

Industrial Production

A measure of the output of the industrial sector of the economy, which includes manufacturing, mining, and utilities.

Personal Disposable Income

The amount of money that households have available for spending and saving after income taxes have been accounted for.

Monetary Policy

Actions taken by the Board of Governors of the Federal Reserve System to influence the money supply or interest rates.