Brands That Are Owned by ________ Are Called Private-Label Brands

question 138

Multiple Choice

Brands that are owned by ________ are called private-label brands.

• A)manufacturers
• B)wholesalers
• C)supply chain specialists
• D)retailers
• E)manufacturer's reps

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Definitions:

Total Spending

The aggregate expenditure on goods and services in an economy over a specific period, including consumer spending, government spending, and investment spending.

Price-Inelastic

A characteristic of a product or service when consumers’ demand does not change significantly with a change in its price.

Agricultural Product

Any type of product, including food, fibers, fuels, and raw materials, that is derived from farming and ranching.

Price Elasticity of Demand

A determination of demand's sensitivity to pricing shifts of a product.