Which of the Following Statements Is True About the Difference

question 88

Multiple Choice

Which of the following statements is true about the difference between wealth and income?

• A) Wealth measures all that a person and family have accumulated over years; income measures individual or family earnings.
• B) In the U.S., income inequality is greater than inequality in wealth.
• C) Inequality in wealth is a relatively new phenomenon in the U.S.
• D) While inequality of wealth is high in the U.S., it is not as high as it is in European nations.

---

Definitions:

Selling Points

Key features or benefits of a product or service that are highlighted to attract and convince potential buyers.

Extensive Decision Making

Decision-making characteristic of buyers who are unfamiliar with a specific product and who must therefore become highly involved in the decision-making process.

Trial Close

A technique used in sales to gauge a potential customer's interest or likelihood of making a purchase before the deal is finalized.

High-involvement

A term referring to situations or purchase decisions where the consumer spends a lot of time and effort considering and making the decision due to the significance of the outcome.