In Considering Access, What Is the Focus

question 42

Multiple Choice

In considering access, what is the focus?

• A)the exact location where your product can be purchased
• B)a variety of places or ways that the product can be purchased
• C)the path from hearing about the product to the actual purchase
• D)the ease of getting information about your product or service

---

Definitions:

Limited Resources

The finite availability of resources such as time, money, and materials, which constrains production, consumption, and allocation decisions.

Consumer Sovereignty

The principle that the production and sale of goods and services in an economy are determined by the preferences and decisions of consumers.

Invisible Hand

A concept introduced by Adam Smith to describe how individuals’ self-interested actions can lead to positive social and economic outcomes for the community as a whole.

Self-Interest

An individual’s actions and decisions motivated by personal gain or benefit.