A Consumer Can Purchase a Soft Drink from a Vending

question 9

Multiple Choice

A consumer can purchase a soft drink from a vending machine, from a grocery store, or from a variety of other vendors. What does this example suggest that soft drinks are?

• A) accessory goods
• B) shopping goods
• C) specialty goods
• D) convenience goods

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Definitions:

Recognize Problem

The process of identifying issues or challenges that need to be addressed.

Evaluate Alternatives

The process of assessing different options in decision-making to determine the best course of action based on criteria and objectives.

Discount Schedule

A structured list of discounts that varies based on criteria such as quantity purchased, early payment, or promotional offers.

Programmed Decision

Simple, common, and frequently occurring problem for which a solution has already been determined.