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What are the goods and services that a consumer may desire or want to buy that are not necesities?
Goods and services that consumers may desire but are not necessities include luxury items such as designer clothing, high-end electronics, and gourmet food. Additionally, experiences like travel, concerts, and spa treatments also fall into this category. These purchases often reflect personal preferences and lifestyle choices rather than essential needs for survival. Ultimately, they enhance comfort, enjoyment, and status rather than fulfilling basic requirements.
What else can I help you with?
What is the consumer's ability and desire to buy goods and services called?
demand
What are the four classification of consumer Goods and services?
There are four classifications of consumer goods and services. These include convenience, shopping, unsought products, as well as specialty services.
Which best explains the profit motive?
The desire to make money through the production of goods and services.
What are the characteristics of services compared with goods?
Goods are a tangible item where services are not tangible that provide a value to a consumer.
What is the consumer for the economic system?
Both buys goods for consumption and uses goods and services.
What is the consumer's ability and desire to buy goods and services called?
demand
Which market or markets are consumer goods and services bought into?
Goods or services bought by a consumer are bought in the consumer market. The consumer market includes fast moving consumer goods, consumer durables, soft goods and services.
Match the role with the actions taken by players in that role.?
consumer- Purchasing goods and services producers-Providing goods and services worker-Making goods and services
What are the four classification of consumer Goods and services?
There are four classifications of consumer goods and services. These include convenience, shopping, unsought products, as well as specialty services.
What are the three economic systems?
1. What goods and services should be produced? (goverment,producer, consumer) 2. How should these goods and services be produced? (goverment, producer, consumer) 3. For whom should the goods and services be produced?(goverment, producer, consumer)
What is Consumer prices?
Consumer Price Index (CPI) is an index of the changes in the cost of goods and services to a typical consumer, based on the costs of the same goods and services at a base period.
Which best explains the profit motive?
The desire to make money through the production of goods and services.
What are the characteristics of services compared with goods?
Goods are a tangible item where services are not tangible that provide a value to a consumer.
What is the consumer for the economic system?
Both buys goods for consumption and uses goods and services.
What is an example of a consumer when talking about business?
A shopper because they buy goods. A consumer is a person who buys goods or services.
What does a producer depend on a consumer for?
Producers make goods/services and depend on the consumer to buy them so they can make money and continue making more goods/services.
What is consumer manipulation?
Consumer manipulation if the technique done by large companies to control the buying behavior of the consumer. They provoke the very little desire or behavior of masses to make them consume more goods or services. More readings on the links below.
