Which of the following are products and services bought by final consumers for personal consumption? These include convenience products, shopping products, specialty products, and unsought products.

Merchant wholesalers sell goods and services directly to final consumers for their personal, non business use.

A

TRUE

B

FALSE

A product bought by final consumer for personal consumption is called--

A

Consumption product

B

shopping product

C

Consumer product

D

Unsought product

There are 50 students enrolled in Mathematics Course. Of the enrolled students, 90% took the final exam. Two-thirds of the students who took the final exam passed the final exam. How many students passed the final exam?

A

30

B

33

C

34

D

35

The price of sugar increases by 32%. A family reduces its consumption so that expenditure of the sugar is up by 10% only. If the total consumption of sugar before the price rise was 10 kg per month, then the consumption of sugar per month is approximately-

A

8.33 kg

B

8.5 kg

C

8.35 kg

D

8.73 kg

After the increase of price of oil by 40%, a family decided to reduce its oil consumption so that the expenditure for oil goes up by 26% only. If the total consumption of oil before the price rise was 10 kg per month, then what is the current consumption of oil per month (in kg)?

A

8

B

8.50

C

9

D

None of these

In a food chain, what is the difference between primary consumers and secondary consumers?

A

Primary consumers eat plants and other consumers, secondary consumers eat plants and decomposed matter

B

Primary consumers eat only plants, secondary consumers eat primary consumers

C

Primary consumers eat plants and decomposed matter, secondary consumers eat plants and other consumers

D

Primary consumers eat other consumers, secondary consumers eat only plants

Rakesh recently bought a health insurance policy and a personal accident policy. What main section(s) of the insurance market do these products normally fall into?

A

Life insurance in both cases

B

Life insurance for health and non-life insurance for personal accident

C

Non-life insurance in both cases

D

Non-life insurance for health and life insurance for personal accident

Which specialty of Nelson Mandela helps him to earn world support?

A

his outlook

B

his determination

C

his prestige and charisma

D

all of the above

During 2011, advertising expenditures on canned food products increased by 20 percent, while canned food consumption rose by 25 percent. Each of the following if true, could help to explain the increase in food consumption EXCEPT-

A

Advertising effectiveness increased

B

Canned food prices decreased relative to substitutes

C

Canned food producer were available in more stores

D

Can opener production doubled

During 2011 advertising expenditures on canned food products increased by 20 percent, while canned food consumption rose by 25 percent. Each of the following ,if true, could help to explain the increase in food consumption EXCEPT ---

A

advertising effectiveness increased

B

Canned food prices decreased relative to substitutes

C

Canned food producer were available in more stores

D

Can opener production doubled

Which of the following are products and services bought by final consumers for personal consumption? These include convenience products, shopping products, specialty products, and unsought products.

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