A Group of High School Freshman Stop by an Electronics

question 143

Multiple Choice

A group of high school freshman stop by an electronics store.The store has just received a new line of high-end flat panel televisions.The televisions range in price from $2,000 to $7,000.All of the students want this new style of TV,but none has the means to buy one.Is this group of consumers a potential market for the flat-screen televisions?

• A) Yes,they are a potential market since they are all about the same age.
• B) No,they do not have the ability to purchase at this time.
• C) No,to qualify as a market,they must need the product.
• D) Yes,they are a market because this product could satisfy their consumer wants and desires.
• E) Yes,they are a market because this group shares relatively similar product needs and purchasing characteristics.

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Definitions:

120 V

A reference to a standard voltage level used in homes and businesses in many parts of the North and Central America for powering electrical devices and lighting.

Resistor

A device used to introduce some amount of resistance into an electric circuit.

Resistance

The opposition to the flow of electric current, resulting in electrical energy being transformed into heat or another form of energy.

Parallel Circuit

A circuit configuration where two or more paths for current flow are connected alongside each other.