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:

Performance Risk

The potential threat that an action or strategy may not achieve its intended results or performance goals.

Management Development

A systematic process of training and growth by which individuals improve their management skills and capabilities.

Senior Leadership

The group of top executives and managers who make strategic decisions, guide an organization's direction, and ensure its success.

Developmental Assignment

A job assignment that is designed to develop the employee's skills and competencies as part of their career development.