Lisa Campos Was Interested in Buying a Coffee Pot to Use

question 212

Multiple Choice

Lisa Campos was interested in buying a coffee pot to use at college and a cassette player for her sister's birthday present. At the local discount store, she compared prices on coffee pots and chose the cheapest. She read the product information on each cassette player and finally chose one with stereo headphones and a rechargeable battery. For Lisa, the coffee pot was

• A) a convenience product, but the cassette player was a specialty product.
• B) a heterogeneous shopping product, but the cassette player was a staple.
• C) an impulse product, but the cassette player was a convenience product.
• D) a specialty product, but the cassette player was a heterogeneous shopping product.
• E) a homogeneous shopping product, but the cassette player was a heterogeneous shopping product.

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Definitions:

Private Property

A legal designation for the ownership of property by non-governmental legal entities, giving the owner exclusive rights over the use, disposal, and benefits of the property.

Federal Government

The federal government is the national government of a federated state, which holds the authority to govern the entire country and is responsible for areas such as defense, foreign policy, and interstate commerce.

Higher Education

A level of education beyond high school, including colleges, universities, and other post-secondary institutions.

Economic Stability

A state in which an economy experiences steady growth, low inflation, and low unemployment, leading to confidence in the financial system.