Which of the Following Is a Difference Between Convenience Goods

question 1

Multiple Choice

Which of the following is a difference between convenience goods and shopping goods?

• A)Shopping goods generally require broadcast promotion,while convenience goods generally require more targeted promotion.
• B)Convenience goods are used to run a business,while shopping goods are used to produce other products.
• C)Convenience goods are purchased frequently with minimum effort,while shopping goods are purchased after spending a considerable amount of time and energy.
• D)Shopping goods generally require longer channels of distribution than convenience goods.

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Definitions:

Income

Earnings from work or investments, often measured in terms of money received over a period of time.

Utility Function

A mathematical representation of how different quantities of goods or services generate levels of happiness or satisfaction to the consumer.

Consumption

This term implies the act of using up resources or services to satisfy human wants, often measured to assess the economic activity within a country.

Grocery Store

A retail store that primarily sells food, both fresh and packaged, as well as various household goods.