Using the Consumer Products Classification System,which of the Following Is

question 188

Multiple Choice

Using the consumer products classification system,which of the following is most likely to be true of the consumer factors for convenience products?

• A)Consumers tend to purchase convenience products frequently.
• B)Consumers tend to plan extensively before a purchase.
• C)Consumers tend to regard convenience of location as unimportant.
• D)Consumers tend to compare price and quality between competing products.

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Definitions:

Report on Manufactures

A seminal document written by Alexander Hamilton in 1791, advocating for the encouragement and protection of manufacturing industries within the United States as a key to economic development.

Protective Tariff

A tariff imposed to protect domestic industries from foreign competition by increasing the cost of imported goods.

Agrarian

Pertaining to agriculture or the agricultural way of life.

Democratic Societies

Communities or nations characterized by a political system in which power is vested in the people, who rule either directly or through freely elected representatives.