Which Type of Consumer Product Is Purchased Relatively Infrequently and Takes

question 206

Multiple Choice

Which type of consumer product is purchased relatively infrequently and takes some time to make the purchase decision because the consumer needs much comparison shopping time?

• A) convenience product
• B) shopping product
• C) specialty product
• D) unsought product
• E) discretionary product

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Definitions:

Auditor's Opinion

An assessment provided by an external auditor regarding the accuracy and completeness of a company's financial statements.

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Corporate documents that give a comprehensive summary of a company’s activities and financial performance over the preceding year.

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A financial disclosure or report mandated by the Securities and Exchange Commission for public companies to provide information to investors.

Auditor's Report

A formal opinion issued by an auditor based on an audit of a company's financial statements, attesting to their accuracy.