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Consumer vs. Capital Goods Flashcards | StudBud

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Consumer vs. Capital Goods

11 terms·StudBud Administration·75 plays

Economics 6Day6

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Questions 11

Answers

1
Who is the end user of a Consumer Good?
The Consumer
The Producer
2
Unsought Consumer Goods include...
Coffins
All of the Above
Anything based on adversity (misfortune) instead of desire
Fire extinguishers
3
What is an example of a "Convenience" Consumer Product?
Antiques
Backpacks
Candy in Checkout Line
Sports Cars
4
Which IS a classification of Capital (Industrial) Products?
Materials
Parts
All of the Above
Installations
5
Which of the following is NOT a Consumer Good?
Bolts
Shoes
Candy
Sports Car
6
The "Shopping" Classification of Consumer Products is...
Based on adversity
Purchased quickly without much thought
Based on unique characteristics
Chosen based on quality, price, service
7
What are Capital Goods also known as?
Consumer Goods
Cash Assets
Most Important (M.I.) Goods
Industrial Goods
8
What are Capital/Industrial Goods?
Equipment & Supplies to make the Finished Product
All of the Above
Products purchased and used by the ultimate consumer
Foods & Beverages
9
What is a "Specialty" Consumer Product?
Based on adversity
Purchased quickly without much thought
Chosed based on quality, price, service
Based on unique characteristics
10
Which of the following is NOT a Capital (Industrial) Good?
Tools/Machinery
Buildings
Clothes
Equipment
11
Which IS a classification of Consumer Products?
Unsought
All of the Above
Specialty
Convenience