Which of the Following Statements About African American Buying Patterns

question 170

Multiple Choice

Which of the following statements about African American buying patterns is most accurate?

• A)African Americans spend more on clothing products for women and girls than Caucasians.
• B)African Americans spend half as much on health and beauty products as Caucasians.
• C)African Americans are not price-conscious but are strongly motivated by quality and choice.
• D)African Americans are much less likely to tell their friends about products and services they like than the general public as a whole.
• E)When socioeconomic status differences between African Americans and Caucasians are removed,there are more similarities than points of difference.

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Definitions:

Transitory Components

Elements affecting financial statements or economic conditions that are expected to be temporary and not indicative of ongoing future performance.

Value-Irrelevant

Financial information or factors that do not impact an investor's or decision maker's assessment of a company's value.

Reported Earnings

The net income that a company reports to its investors and shareholders, often found on its income statement.

Abnormal Earnings

Profits that exceed or fall short of the expected normal return for a given year or period.