Customers View Regularly Unsought Products as

question 8

Multiple Choice

Customers view regularly unsought products as

• A) basically the same.
• B) really new ideas that potential customers do not know about yet.
• C) undesirable but not unsold forever.
• D) different and they want to inspect them for quality and suitability.
• E) worth the time and effort to compare with competing products.

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Definitions:

Interest Rate

The amount charged, expressed as a percentage of the principal, by a lender to a borrower for the use of assets.

Surplus of Money

Situation where the supply of money in an economy exceeds the demand for it, often leading to lower interest rates and inflation.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed on an annual basis.

Equilibrium

A state in which market supply and demand balance each other, and as a result, prices become stable.