Classical

Advanced Questions - Section 5

16:  

All of the following ethical issues are valid except

A.

products always deliver benefits to the consumer.

B.

consumers often pay for product benefits that do not exist.

C.

consumer protection groups have enabled consumers to make better decisions.

D.

product safety is invariably the result of poor labour and quality control.

 
 

Option: A

Explanation :

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17:  

The set of laws and regulations that guide commerce and that limit business for the good of society as a whole is called

A.

consumer protection

B.

social responsibility

C.

public interest group action

D.

public policy

 
 

Option: D

Explanation :

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Kavya said: (3:28am on Wednesday 18th January 2017)
Answer must be option B

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18:  

All of the following are true or justified explanations of planned obsolescence, except

A.

consumers are always looking for new innovations.

B.

companies often use new materials to lower their costs and prices.

C.

planned obsolescence does not lead to the erosion of basic product values.

D.

organisations are always making changes to avoid losing customers to other brands.

 
 

Option: C

Explanation :

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19:  

When considering the economic environment in an international context, all of the following are true, except

A.

manufacturing plays an important role in industrialising economies, accounting for almost 80% of the economy.

B.

subsistence economies offer few market opportunities.

C.

a small and growing middle class are important consumers in industrialising economies.

D.

raw material-exporting economies earn their revenue from the export of their resources.

 
 

Option: A

Explanation :

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20:  

The idea that advertising, consumer and government groups, and even courses in learning buying skills can serve as sources of product information for consumers is consistent with which of the following principles?

A.

The principle of meeting basic needs.

B.

The principle of consumer protection.

C.

The principle of consumer education and information.

D.

The principle of curbing potential harm.

 
 

Option: C

Explanation :

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