Which of the Following Statements About the Distinction Between Consumer

question 198

Multiple Choice

Which of the following statements about the distinction between consumer goods and B2B goods is the most accurate?

• A)The same product can be classified as either a consumer good or an industrial good,depending upon its end use.
• B)Industrial goods tend to have a useful life of several years and can be depreciated while consumer goods typically last less than a year.
• C)Consumer goods are typically more expensive than industrial goods.
• D)Industrial goods are custom made to the specifications of the buyer,while the all consumer goods are mass-produceD.The classification of a product as a consumer good or an industrial product is based on the buyer's reason for buying and the end use of the product.A loaf of bread bought by a household would be a consumer good,while the same loaf bought by a restaurant would be an industrial good.

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Definitions:

Task-specific

relates to skills, abilities, or knowledge that is directly relevant to the performance of a particular job or task.

Appraisal

The act of assessing something or someone, often referring to the evaluation of an employee's performance in a job.

Vicarious Reinforcement

The learning process where individuals modify their behavior based on observing the consequences of actions performed by others, reinforcing or discouraging certain behaviors without direct experience.

Discrepancy

A difference or inconsistency between two or more facts, figures, perspectives, or statements.