Which of the Following Is a Demographic Trend Shaping Consumer

question 19

Multiple Choice

Which of the following is a demographic trend shaping consumer behavior patterns?

• A) Increasing family size
• B) Increasing households having two primary income providers
• C) Increasing birthrates in the U.S. and Europe
• D) Lower levels of consumer affluence in the U.S.
• E) Decreasing life expectancy in the U.S.

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Definitions:

Finished Goods

Products that have completed the manufacturing process but have not yet been sold to customers.

LIFO Inventory Method

An inventory valuation method that assumes the last items placed in inventory are the first sold during an accounting period; stands for Last-In, First-Out.

Inventory Costing Methods

Techniques used to assign costs to inventory items, such as First-In, First-Out (FIFO), Last-In, First-Out (LIFO), and weighted average cost.