Which of the Following Is True of Consumer Interest Groups

question 52

Multiple Choice

Which of the following is true of consumer interest groups?

• A) They represent all trade organizations.
• B) They are organized to protect the rights of buyers.
• C) They are organized to work on behalf of agricultural interests.
• D) They help protect the rights of private-sector workers.
• E) They represent people who share the same race.

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Definitions:

Supply Chain

The connected system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.

Firm Profits

The financial gain a company receives after all expenses, taxes, and costs have been subtracted from total revenue.

Peak Demand

The highest level of demand for a product or service over a specific period of time.

Forward Buy

A purchasing strategy where a buyer purchases larger quantities of goods in advance to take advantage of lower prices or to hedge against future price increases.