Lisa Campos Was Interested in Buying a Coffee Pot to Use

question 169

Multiple Choice

Lisa Campos was interested in buying a coffee pot to use at college and also a digital assistant as a birthday present for her sister.At the local store,Lisa compared prices on coffee pots and chose the cheapest.She then read product information on each digital assistant and finally chose one from Amazon because it had the most features.For Lisa,

• A)the coffee pot was a convenience product,but the digital assistant was a specialty product.
• B)the coffee pot was a heterogeneous shopping product,but the digital assistant was a staple.
• C)the coffee pot was an impulse product,but the digital assistant was a convenience product.
• D)the coffee pot was a specialty product,but the digital assistant was a heterogeneous shopping product.
• E)the coffee pot was a homogeneous shopping product,but the digital assistant was a heterogeneous shopping product.

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Definitions:

Price Ceiling

A legally imposed limit on how high the price of a product can be charged in the market, usually set to protect consumers from excessively high prices.

Minimum Imposed Price

A price floor set by the government or regulatory body, below which a good or service cannot be sold, often to protect producers.

Consumers

Individuals or groups that purchase goods and services for personal use rather than for manufacturing or resale purposes.

Producers

Entities that create, manufacture, or supply goods and services.