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Brands Reduce the Risks Associated with Purchase Because Consumers Can

question 64

Multiple Choice

Brands reduce the risks associated with purchase because consumers can trust the brands they choose based on past experience. These risks are functional risk, financial risk and _______ risk.


Definitions:

Gross National Income

The total domestic and foreign output claimed by residents of a country, including wages, salaries, and property income.

Gross Domestic Product

The sum value in currency or market terms of every finished product and service created within a country during a specified period.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured by GDP growth.

Private Consumption

The spending on goods and services by households for their own use.

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