A Standardized Good or Service Is One

question 95

Multiple Choice

A standardized good or service is one:

• A) for which any two units of it have the same features and are interchangeable.
• B) for which any two units of it have similar features that could be considered close substitutes.
• C) for which any two units of it have different, unique features.
• D) that has very distinguishable characteristics, with each unit being economically unique.

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Definitions:

Awkward Behaviours

Actions or mannerisms that are considered socially uncomfortable, clumsy, or not smoothly executed.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture.

Prejudice

A preconceived opinion or judgment, often based on insufficient knowledge, irrational feelings, or stereotypes, towards individuals or groups.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.