Items that are ________ and product purchases for which ________ is not important tend to be less cyclical in nature.A) necessities; incomeB) luxuries; leverageC) discretionary goods; time of purchaseD) produced with high fixed costs; entertainment

Question

Items that are ________ and product purchases for which ________ is not important tend to be less cyclical in nature.A)  necessities; incomeB)  luxuries; leverageC)  discretionary goods; time of purchaseD)  produced with high fixed costs; entertainment

Collin Moore · Accepted Answer

Final Answer : A, Explanation :  Necessities, such as food and healthcare, are items that consumers cannot live without and tend to purchase regardless of their income level. As a result, the demand for these items tends to remain relatively stable, making them less cyclical in nature.

Items that are and product purchases for which is not important tend to be less cyclical in nature.

A) necessities; income
B) luxuries; leverage
C) discretionary goods; time of purchase
D) produced with high fixed costs; entertainment

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