Loyal Customers Are Price ________ Compared to Brand-Shifting Patrons

question 6

Multiple Choice

Loyal customers are price ________ compared to brand-shifting patrons.

• A) Sensitive
• B) Insensitive
• C) Economic elastic
• D) Economic inelastic

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Definitions:

Ethic Of Caring

A moral theory emphasizing the importance of interpersonal relationships and compassion in ethical decision-making.

Traditional Ethics

A branch of moral philosophy that focuses on the ideas and practices of right and wrong behavior, deeply rooted in historical and cultural norms.

Rules

Explicit or understood regulations or principles governing conduct within a particular activity or sphere.

Social Relationships

Connections between individuals in a society, shaped by social norms, interactions, and structures, influencing behavior and social dynamics.