In General,it Is Fair to Say That Americans Are Provided

question 120

Multiple Choice

In general,it is fair to say that Americans are provided with

• A)a greater amount of product differentiation than people in most other countries.
• B)less amount of product differentiation than people in most other countries.
• C)about the same amount of product differentiation as people in other countries.

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Definitions:

Intellectual Property

Legal rights that result from intellectual activity in the industrial, scientific, literary, and artistic fields, including inventions, literary and artistic works, designs, and symbols, names, and images used in commerce.

Consumer Bill of Rights

A set of principles and guarantees that protect consumers' rights in the marketplace, including the right to safety, to be informed, to choose, and to be heard.

Caveat Emptor

A Latin phrase meaning "let the buyer beware," indicating that the responsibility for due diligence on a purchase lies with the consumer.

Caveat Emptor

A principle in commerce that places the responsibility on the buyer to perform due diligence before making a purchase.