Which of the following statements about the current economic environment is FALSE?
A) Consumers have reined in retail spending.
B) Consumers spend more of their disposable income on discretionary items.
C) Consumers are more value- conscious.
D) Consumers save more of their disposable income.
E) None of the above is false.

Question

Quizplus · Accepted Answer

The statement that consumers spend more of their disposable income on discretionary items is false. In the current economic environment, consumers are actually more budget-conscious and are cutting down on nonessential expenses. They are prioritizing essential items over discretionary ones.

Which of the Following Statements About the Current Economic Environment