Mrs Brown Has an Obsessive Need to Shop Every Day

question 8

Multiple Choice

Mrs. Brown has an obsessive need to shop every day to relieve depression and boredom. Her behaviour is termed:

• A) a spending spree.
• B) compulsive consumption.
• C) impulse buying.
• D) consumer behaviour.

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Definitions:

Variable Costs

Costs that vary directly with the level of output or production activity, such as raw materials and direct labor expenses.

Break-Even Point

The point at which total costs equal total revenue, meaning there is no net loss or gain.

Variable Costs

Costs that vary in proportion with the level of goods or services produced or sold.

Fixed Costs

Costs that do not vary with the level of output or sales, such as rent, salaries, and insurance premiums.