Demand for High-Tech Products Is ___________________________________________________

question 19

Multiple Choice

Demand for high-tech products is ___________________________________________________.

• A) generally determined by supply rather than demand
• B) easily visualized by the consumer
• C) usually determined by extensive consumer research
• D) consumer, rather than production-oriented

---

Definitions:

Purchase Discounts Lost

Purchase discounts lost refer to the additional amount paid by a buyer for failing to take advantage of the early payment discount offered by a supplier.

Net Method

An accounting technique used to record purchases or sales of goods after deducting any discounts offered at the time of purchase or sale.

Discounts Lost

Charges incurred from not taking advantage of early payment discounts offered by suppliers.

Net Method

An accounting method for recording purchases where the purchase price includes a cash discount for early payment.