The buying power index (BPI)would be most useful in predicting sales for which of the following products?

Question

Quizplus · Accepted Answer

The buying power index would be most useful in predicting sales for products that are bought frequently and by a large number of consumers. Chocolate cake mixes are a common and affordable grocery item that fits this criteria. Luxury items like Mercedes-Benz automobiles may not be as affected by changes in buying power as they are bought by a smaller, wealthier consumer base. Machinery for processing pork and industrial strength pressure washers are niche products that would likely have a different set of predictive factors. Shower enclosures for new homes may be affected by changes in buying power, but are generally a one-time purchase for a specific demographic (those building or remodeling homes).

The Buying Power Index (BPI)would Be Most Useful in Predicting