Convenience Products Are Products

question 156

Multiple Choice

Convenience products are products

• A) a consumer needs but is not willing to spend much time or effort shopping for.
• B) which consumers are aware of but not interested in.
• C) meant for use in producing other products.
• D) toward which consumer attitudes may be negative.
• E) that consumers want because they are easy to use or consume.

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Definitions:

Federal Income Tax

A charge imposed by the national government on the yearly income of individuals, corporations, trusts, and various legal bodies.

Gross Earnings

The total amount of revenue or income earned by an individual or business before any deductions or taxes are applied.

Net Pay

The amount of money an employee takes home after deductions like taxes and retirement contributions have been subtracted.

FICA Tax

A mandatory tax used to fund the United States Social Security and Medicare programs, deducted from the wages of employees.