The Products or Services for Which a Consumer Is Not

question 87

Multiple Choice

The products or services for which a consumer is not willing to spend any effort to evaluate prior to purchase are called:

• A)shopping products/services.
• B)unsought products/services.
• C)luxury products/services.
• D)specialty products/services.
• E)convenience products/services.

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Definitions:

Pricing Schedules

Established plans listing prices for different products, services, or conditions, often varying based on volume, timing, or contract terms.

Marginal Unit

The additional unit of a good or service, used in economics to analyze the cost or benefit of producing one more unit.

Quantity Discounts

Discounts offered by suppliers to buyers for purchasing large amounts of a product, incentivizing bulk purchases.

Breakpoint

In computing, a breakpoint is a deliberately inserted pause or halt in a program's execution for debugging purposes. In economics, it refers to a level at which there is a change in the rate or conditions of a process or system.