Lisa goes to an electronic goods store to purchase a washing machine. After comparing the various brands of washing machines available, their functions, prices, and so on, she purchases one that is cheaper and smaller than the rest. I In this case, Lisa has purchased a(n)__________.

Fill in the blanks with correct word.

ANSWER: shopping product

Lisa has purchased a shopping product as she has spent considerable time to compare several brands before finalizing one product. A shopping product requires comparison shopping because it is usually more expensive than a convenience product and is found in fewer stores.

Business

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The seller agrees to sell the house to the buyer for $100,000. The buyer was unable to qualify for a mortgage loan for this amount so the seller and buyer enter into a contract for deed. The interest the buyer has in the property under a contract for deed is

A) legal title. B) equitable title. C) joint title. D) mortgagee in possession.

Business

The more ________ the product, the more likely a company is to rely on personal selling to promote it

A) popular B) available C) expensive D) impersonal E) marketable

Business