Which of the Following Is Not a Characteristic of a Consumer

question 193

Multiple Choice

Which of the following is not a characteristic of a consumer market?

• A)it consists of purchasers who intend to consume or benefit from the purchased products
• B)they do not buy products for the main purpose of making a profit
• C)they are sometimes referred to as B2C markets
• D)their purchasing decisions are always made by only one individual
• E)they may buy the product, but not use it themselves

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Definitions:

Agriculture Products

Goods produced through the cultivation of plants and the raising of animals to provide food, fiber, and other products.

Monetary Contraction

A policy or economic condition where the money supply is reduced, often leading to higher interest rates.

National Industrial Recovery Act

A 1933 U.S. law aimed at boosting economic growth during the Great Depression by reducing unemployment and eliminating cutthroat competition.

Business Cartels

Groups of independent businesses that regulate production, pricing, and marketing by agreement among members to limit competition.