Daniel Wanted to Buy a Renata Car

question 63

Multiple Choice

Daniel wanted to buy a Renata car. However, when he learned that the nearest service center was about 50 miles from his residence, he decided to consider other brands. He did not want to drive that far every time he needed to get the car serviced or repaired. In this case, Daniel's decision was primarily influenced by the _____ associated with the product.

• A) social risk
• B) time risk
• C) performance risk
• D) physical risk

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Definitions:

Spoils

Goods that are damaged or unusable during the production process and cannot be sold to customers.

Monetary Unit Assumption

A financial accounting concept that believes transactions and events can be quantified in terms of money.

Dollar Stability

Refers to the consistency and steadiness in the value of the United States dollar in international and domestic markets.

Medium Of Exchange

An intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties.