Today's Customers Have ________

question 54

Multiple Choice

Today's customers have ________ .

• A) less knowledge about products
• B) less sophistication
• C) difficulty in finding information about products
• D) higher expectations
• E) difficulty in comparing prices

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Definitions:

Price Floor

A minimum price buyers are required to pay for a good or service; a form of price control.

Excise Tax

A tax on the sale or consumption of specific goods or services, such as tobacco, alcohol, and gasoline, often levied by the government at the point of manufacture or sale.

SUVs

SUVs, or Sport Utility Vehicles, are a type of vehicle that combines elements of road-going passenger cars with features from off-road vehicles, like higher ground clearance.

Excise Tax

A tax levied on specific goods, services, or transactions, such as alcohol, tobacco, and gasoline, often intended to discourage their use or generate revenue.