Which of the Following Characterizes Vending Machines and Door-To-Door Retailing

question 55

Multiple Choice

Which of the following characterizes vending machines and door-to-door retailing?

• A)expanded assortment,reduced margins,and more information
• B)added convenience and higher-than-conventional margins; but usually reduced assortment
• C)expanded assortment and/or reduced margins and service
• D)expanded assortment and service
• E)expanded assortment and service; and more information.

---

Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating its sensitivity to price changes.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price level.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that consumers are willing to purchase at various prices.

Price Elasticity

The degree to which demand for an item is affected by fluctuations in its cost.