Common Property Resources Are

question 16

Multiple Choice

Common property resources are:

• A) Non-rival and non-excludable
• B) Rival and non-excludable
• C) Rival and excludable
• D) Non-rival and excludable

---

Definitions:

Infrequently Purchased

Items or services bought occasionally or rarely, often due to their durability, high cost, or specialized nature.

Personal Selling

The process of interacting one-on-one with someone to provide information that will influence a purchase or action.

Digital Transformation

The process of using digital technologies to create new or modify existing business processes, culture, and customer experiences.

Advanced Economies

Countries with highly developed industrial infrastructures, high standards of living, and significant levels of income and economic growth.