Item weight is the
A)Measure of how much consumers demand a particular item.
B)Percentage of the typical consumer budget spent on the item.
C)Significance placed on a particular item by the wealthiest households.
D)Physical weight of a good or service.

Question

Quizplus · Accepted Answer

Item weight refers to the percentage of the typical consumer budget spent on the item, indicating its relative importance in consumer spending.

Item Weight Is the