The Main Difference Between a Final Consumer and an Intermediate

question 47

Multiple Choice

The main difference between a final consumer and an intermediate consumer is that

• A) The final consumer usually pays cash for the purchase, whereas the intermediate customer uses a credit arrangement.
• B) An intermediate consumer will utilize the purchase in order to sell its product/service to final consumers, whereas a final consumer uses the product herself.
• C) Final consumers purchase more (in dollar value) than do intermediate consumers.
• D) Intermediate consumers are usually more flexible in their product requirements and scheduling than final consumers.
• E) Final consumers have more bargaining power than intermediate consumers.

Recognize the relevance of neuroscientific perspectives in developmental psychology.

Understand research design methods and their application in developmental studies.

Comprehend the importance of reliability and validity in psychological research.

Acknowledge the ethical considerations involved in conducting research with children.

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Definitions:

GDP

Gross Domestic Product represents the overall market value of all end products and services made inside a nation over a certain timeframe.

Economic Stimulus Package

A package of economic measures put together by a government to stimulate a floundering or stagnant economy and help it recover.

Impact Lag

The time taken between the implementation of an economic policy and the occurrence of its intended effects on the economy.

Federal Budget Deficit

The scenario in which the spending of the federal government surpasses its income within a specific fiscal year.