We Say That Goods Are Complements When They

question 8

Multiple Choice

We say that goods are complements when they:

• A)serve similar-enough purposes that a consumer might purchase one in place of the other.
• B)are related goods that are consumed together,so that purchasing one will make a consumer more likely to purchase the other.
• C)can replace something consumers typically purchase at a significantly lower price.
• D)change a consumer's preferences.

---

Definitions:

Subsystems

Subsystems are smaller components of a larger system.

Operations and Service Management

The administration of business practices aimed at ensuring maximum efficiency within a company, specifically in the production of goods and services.

Trade Associations

Organizations founded and funded by businesses operating in a specific industry, aimed at promoting common interests, sharing information, and often influencing public policy.

Competitive Advantage

The ability of a company or business to perform in a way that allows it to outperform its competitors.