One of the Disadvantages of Using Style as a Discriminator

question 53

True/False

One of the disadvantages of using style as a discriminator is that consumer tastes change over time and what is considered stylish can quickly lose its appeal.

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Definitions:

U.S. Residents

Individuals living in the United States, including citizens, permanent residents, and long-term visitors.

Legal Final Goods

Goods that have been produced, fully completed, taxed, and meet legal standards for sale to consumers.

Illegal Final Goods

Products that have been banned or prohibited by law, yet are still produced and distributed in the market.

Microeconomics

The branch of economics that focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, borrowers and lenders.