Consumption Expenditure Is the Payment by Households for Consumption of

question 364

Multiple Choice

Consumption expenditure is the payment by households for consumption of

• A) goods but not services.
• B) services but not goods.
• C) goods and services.
• D) services and for saving.

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Definitions:

Genealogy

The study and tracing of lines of descent or the development of families.

Mystery Shoppers

Individuals hired to visit stores, restaurants, or other businesses anonymously to evaluate customer service, product quality, and the overall experience.

Quality

The degree to which a product or service meets or exceeds customer expectations.

Company's Products

The goods and services that a company offers to consumers in the marketplace.