Which of the Following Factors Is Not of Key Importance

question 73

Multiple Choice

Which of the following factors is not of key importance when selecting inventory suppliers?

• A)product price
• B)vendor corporate structure
• C)product quality
• D)vendor delivery dependability

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Definitions:

Marginal Propensity

The ratio of the change in an economic variable, such as consumption or saving, to the change in another, typically income.

Disposable Income

The net financial position of households for spending and saving, after accounting for income taxes.

Consumption

Consumption encompasses the acquisition and use of goods and services by households to satisfy their needs and wants.

Induced Consumption

Consumer spending that is influenced by changes in income, differentiating from autonomous consumption which does not vary with income.