The Degree to Which People Have Access to Goods and Services

question 80

Multiple Choice

The degree to which people have access to goods and services that make their lives easier, healthier, safer, and more enjoyable is called the:

• A)microeconomic standard.
• B)global standard.
• C)scarcity standard.
• D)standard of living.

---

Definitions:

Right-Hand-Drive Cars

Vehicles configured with the steering wheel and controls on the right side, designed for use in countries where traffic drives on the left side of the road.

Market Attractiveness

An assessment of the potential profitability and opportunities within a specific market or industry segment.

Customer Needs

Requirements or desires that consumers express through their buying behavior, which drive demand for products or services.

No Economical Access To Buyers

A situation where sellers cannot reach potential customers in a cost-effective manner, often due to high distribution costs or market barriers.