Which of the Following Is Not a Factor Used to Classify

question 88

Multiple Choice

Which of the following is not a factor used to classify wholesalers?

• A) Whether the wholesaler is owned by the producer
• B) Whether the wholesaler takes title to the products it handles
• C) The range of services offered by the wholesaler
• D) The price range of the products carried by the wholesaler
• E) The breadth and depth of the product lines carried by the wholesaler

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Definitions:

Diminishing Marginal Utility

The principle that as a consumer consumes more of a good or service, the additional satisfaction gained from consuming an additional unit decreases.

Inferior Good

A type of good for which demand decreases as the income of consumers increases, opposite to what is observed with normal goods.

Diminishing Marginal Utility

The principle that as a person consumes more of a good, the satisfaction (utility) gained from consuming an additional unit decreases.

Total Satisfaction

The total amount of pleasure or utility that a consumer receives from consuming a certain quantity of goods or services.