Julie Stops at the Grocery Store to Purchase Detergent

question 61

Multiple Choice

Julie stops at the grocery store to purchase detergent.Tide is her favorite brand,but if another detergent is less expensive,she buys it.This is an example of _____.

• A)brand recognition
• B)brand preference
• C)brand awareness
• D)brand insistence

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Definitions:

Diversified Equity Mutual Fund

A mutual fund that invests in a wide range of equities from various sectors to reduce investment risk.

Canadian Companies

Businesses that are registered, operated or have a significant presence in Canada.

Compounded Quarterly

A method of calculating interest in which the interest is compounded quarterly, being added to the principal amount four times annually.

Annual Rate of Inflation

the percent increase in the price level of goods and services across the economy over the course of a year.