Which of the Following Are Characteristics of 'Bottleneck Products

question 52

Multiple Choice

Which of the following are characteristics of 'bottleneck products'? 

• A) They represent a relatively limited value but there is only one supplier. 
• B) They represent a relatively high value and there is only one supplier. 
• C) They represent a relatively high value and there are many suppliers. 
• D) They represent a relatively limited value and there are many suppliers.

---

Definitions:

Sales Puffery

Exaggerated or promotional statements made by a salesperson or in advertisements, which are not meant to be taken literally.

Illegal Act

Involves actions that are against the law, which can encompass a wide range of activities from theft to fraud.

Statement of Fact

An assertion about something that is true and can be verified objectively, without bias or judgment.

Price Discrimination

The act of selling the same quantity of the same product to different buyers at different prices.