Unsought Goods and Services Are Purchased on Impulse and Provide

question 259

True/False

Unsought goods and services are purchased on impulse and provide no added value to consumers.

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Definitions:

Liquidity Ratio

A financial metric that measures a company's ability to pay off its short-term liabilities with its short-term assets.

Profitability Ratio

A financial metric used to assess a business's ability to generate earnings compared to its expenses and other relevant costs incurred during a specific period of time.

Solvency Ratio

A financial metric used to measure a company's ability to meet its long-term debts and financial obligations.

Price-Earnings Ratio

A valuation metric for companies, calculated by dividing the current market price of a stock by its earnings per share.