Darren Wants to Impress His New Girlfriend Whose Father Is

question 94

Multiple Choice

Darren wants to impress his new girlfriend whose father is a nationally known race car driver.He drives his Lexus to the Chevrolet dealer and without negotiating,trades the Lexus in for a new smoke gray 545-hp Nissan GT-R.The car cost him $174,990 but he feels it is worth it to impress his girlfriend.What specific type of product did Darren purchase?

• A) Convenience product
• B) Shopping product
• C) Specialty product
• D) Consumer product

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Definitions:

High Dividend Payout

The practice of distributing a large portion of a company's earnings to its shareholders in the form of dividends.

Distribution

The process of allocating assets, earnings, or dividends among shareholders, or the spread of investments within a portfolio.

Corporate Dividend Payout

The portion of earnings distributed to shareholders in the form of dividends.

Firm's Earnings

The profit of a company after all expenses and taxes have been deducted from revenue, indicating the company’s financial performance over a specified period.