Consumer Advocates Believe the Practice of Downsizing by Consumer Products

question 188

Multiple Choice

Consumer advocates believe the practice of downsizing by consumer products firms has resulted in

• A)lower product prices for consumers because of lower labor,raw material,and packaging costs.
• B)a greener environment due to the reduction in the amount of packaging,thereby reducing the amount of waste disposed in landfills.
• C)fewer product choices for consumers that led to rising prices.
• D)keeping prices from rising in response to the psychological barriers consumers have developed for downsized products.
• E)a subtle,deceptive,yet legal practice of disguising a price increase.

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Definitions:

Forbes 500 List

An annual ranking by Forbes magazine of the 500 largest U.S. corporations, based on their revenue.

Regression

A statistical method used to determine the relationship between a dependent variable and one or more independent variables, often used for prediction and forecasting.

Slope

In statistics, the rate at which one variable changes over another, specifically in the context of linear regression.

Simple Linear Regression

This statistical technique involves modeling the correlation between a dependent variable and one independent variable through the application of a linear equation based on collected data.