Which of the Following Statements About Ethnic Dimensions of the U

question 107

Multiple Choice

Which of the following statements about ethnic dimensions of the U. S. market is True?

• A) Ethnic groups buy differently and have different needs.
• B) Many firms make the mistake of treating all consumers in an ethnic group as homogeneous.
• C) The number of ethnic consumers is growing at a faster rate than the overall society.
• D) The buying power of ethnic submarkets is increasing rapidly.
• E) All of these statements about ethnic dimensions are True.

---

Definitions:

Accounts Receivable

Money owed to a company by its clients or customers for goods or services that have been delivered but not yet paid for.

Cost of Goods Sold

An expense representing the total cost of materials and labor directly associated with the production of goods sold by a business.

Merchandise Inventory

The goods a company intends to sell to customers that are considered current assets on the balance sheet.

Gross Profit

The difference between sales revenue and the cost of goods sold before deducting overheads, payroll, taxation, and interest payments.