A Goal of the Consumer Movement Is to Make Consumer

question 40

Multiple Choice

A goal of the consumer movement is to make consumer power:

• A) Exceed the rights and powers of firms that sell goods and services.
• B) Exceed the rights and powers of the Food and Drug Administration.
• C) An effective counterbalance to the rights and powers of firms that sell goods and services.
• D) An effective counterbalance to the rights and powers of the Food and Drug Administration.

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Definitions:

Freight Out

The cost associated with transporting goods from a company to its customers, considered a selling expense.

Purchase Discounts

Reductions in the cost price of goods or services, offered by suppliers to buyers as an incentive for early payment.

Net Income

The amount of profit left over after all expenses, taxes, and costs have been subtracted from total revenue.