Economics Mcqs
Consumer goods with unique characteristics or brand identification often requiring a special purchase effort are called?

A. Custom products
B. Specialty products
C. Convenience products
D. Shopping products

A(n) _____ is a retail store that carries a narrow product line with a deep assortment within that line ?

A. Shopping goods store
B. Convenience store
C. Specialty store
D. Department store

Which of the following promotional budget methods wrongly views sales as the cause of promotion rather than as the result ?

A. Affordable method
B. Percentage of sales method
C. Competitive parity method
D. Objective and task method

Drop shippers perform which of the following functions ?

A. Assumes title and ships coal, lumber or heavy equipment to a buyer
B. Stocks the bread rack in a grocery store
C. Maintains, owns and stocks a cd display in a grocery store
D. Sells jewelry out of a catalog

_______ beliefs values are open to some degree of change ?

A. Crucial
B. Core
C. Primary
D. Secondary

The Wheeler-Lea Act gives the Federal Trade Commission the power to regulate ?

A. Interstate commerce
B. Marketing ethics
C. Unfair and deceptive acts or practices
D. Competitive advertising of objective product benefits