Convenience Products Refers to

question 247

Multiple Choice

Convenience products refers to

• A)items that consumers will make special efforts to seek out and buy.
• B)items for which consumers compare several alternatives on criteria such as price, quality, or style.
• C)products consumers purchase frequently and with a minimum of shopping effort.
• D)ancillary products used to make other products work more efficiently.
• E)low-cost items for which there are numerous substitutes and generic equivalents.

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Definitions:

Check Authenticity

The process of verifying the genuineness or validity of a document, artwork, or software to ensure it is not counterfeit or pirated.

Debit Transaction

A financial transaction in which money is taken out of a bank account, typically reflecting a purchase or payment.

Smaller Fees

Lesser charges or costs imposed for services, transactions, or regulatory requirements.

MICR Numbers

Magnetic Ink Character Recognition numbers; used primarily on checks for the purpose of easy processing by financial institutions.