______________ Are Products a Consumer Needs but Isn't Willing to Spend

question 51

Multiple Choice

______________ are products a consumer needs but isn't willing to spend much time and effort shopping for.

• A) Convenience products
• B) Unsought products
• C) Homogeneous shopping products
• D) Specialty products
• E) Heterogeneous shopping products

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Definitions:

Return on Investment

A financial metric used to evaluate the efficiency or profitability of an investment, calculated by dividing the benefit (return) of an investment by the cost of the investment.

Invested Assets

Assets or capital that have been allocated or deployed with the expectation of earning a return or profit.

Operating Expenses

Expenses incurred in the regular operation of a business, such as rent, salaries, utilities, and office supplies, but excluding cost of goods sold.

Profit Margin

A financial metric indicating the percentage of revenue that exceeds the costs of goods sold, essentially measuring how much out of every dollar of sales a company actually keeps in earnings.