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

question 323

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) Utility products
• E) Heterogeneous shopping products

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Definitions:

Current Liability

Financial obligations a company owes and is expected to pay within a year.

Long-term Liability

A debt or obligation not due within the current accounting year, requiring repayment over a longer period.

Warranty Repairs

Services provided to repair or fix products free of charge under a warranty agreement, considered a contingent liability when the product is sold.

Parts Inventory

The stock of components or parts kept on hand by a company to assemble products or perform service maintenance.