Which of the Following Is an Example of a Demographic

question 52

Multiple Choice

Which of the following is an example of a demographic factor that is important to the pricing decisions made for a new type of low-fat cereal for children?

• A) How many boxes of the low-fat cereal will be consumed by a household in a month?
• B) What price will indicate the quality of the cereal?
• C) How will price elasticity affect the pricing?
• D) Will potential buyers be attracted to the cereal if its manufacturer uses odd pricing?

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Definitions:

Persistence

The quality of continuing steadily despite problems, obstacles, or discouragement.

Mnemonic Device

A tool that aids in remembering information, often by using a pattern of letters, ideas, or associations to facilitate retrieval of information from memory.

Manageable Size

Describes a quantity, volume, or dimension that can be effectively handled, controlled, or dealt with by available resources or within given constraints.

Construction

The process of building, erecting, or assembling structures, typically involving large-scale projects like buildings, roads, or bridges.