The Opposite of Brand Loyalty Is Called

question 58

Multiple Choice

The opposite of brand loyalty is called:

• A) variety seeking.
• B) conspicuous consumption.
• C) habitual purchase.
• D) repeat purchase.
• E) discontinuous purchase.

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Definitions:

LIFO

"Last In, First Out," a method of inventory valuation where the most recently produced or acquired items are the first to be expensed.

Average Cost

A method of inventory valuation which calculates the cost of goods sold and ending inventory based on the average cost of all similar items in inventory.

Ending Inventory

The total value of a company's merchandise, raw materials, and products left unsold at the end of an accounting period.