Which of the Following Correctly Matches Consumer Factors and Marketing

question 135

Multiple Choice

Which of the following correctly matches consumer factors and marketing mix factors in the consumer products classification system?

• A) Specialty products-personal selling is not important.
• B) Convenience products-a consumer makes infrequent purchases of these products.
• C) Emergency products-these are unsought products.
• D) Shopping products-a relatively short channel of distribution is typical.

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Definitions:

Taxable Income

The portion of an individual’s or corporation's income that is subject to taxes by the government.

Average Tax Rate

The ratio of the total taxes paid to the overall income, found by dividing the aggregate amount paid in taxes by the total income.

Income Tax Schedule

A chart or formula used to determine the tax rate applied to various levels of income.

Progressive

Describes a taxation system where the tax rate increases as the taxable amount increases, aiming to distribute the tax burden more equitably.