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Choice Homes,Inc

question 86

Multiple Choice

Choice Homes,Inc.built its reputation by building high-quality new homes,often at prices less than older ones.Choice Homes used mass purchasing power,innovative high-tech communications among employees to coordinate the building process,and other entrepreneurial strategies to hold costs down.Its homes are primarily targeted at first-time homeowners in an effort to get people out of apartments so they can experience the joy of home ownership for the same price as rent.Choice Homes later developed the "Choice Classic" brand name for higher-end homes targeted at wealthier dual-earner couples.The Choice Classic name was designed to capitalize on the reputation of Choice Homes,especially for current Choice home owners who are ready to "move up" to a larger home.Recently,Choice Homes started a third line of homes called "Reflections," which are expensive,custom-designed homes located in exclusive,prestigious neighbourhoods.
-Refer to Choice Homes,Inc.Kurt McKinney has just received a large inheritance and wants to have his dream home built.He knows exactly the architectural design he wants.He wants a particular Reflections home.The type of consumer product he wishes to buy is best classified as which of the following?

Definitions:

Fair Debt Collection Practices Act

A U.S. statute established to eliminate abusive debt collection practices by debt collectors, and to promote fair debt collection.

Misrepresenting

Providing false or misleading information or statements, often with the intent to deceive.

Obsolete

Obsolete describes an item, technology, or procedure that is out of date or no longer produced or used, often because it has been replaced by newer versions or alternatives.

Seven Years

A time frame often referenced in various contexts, including the length of time certain information remains on a credit report or the period for personal property to be considered for adverse possession in some jurisdictions.