If Consumers Were Largely Indifferent to a $0

question 7

Multiple Choice

If consumers were largely indifferent to a $0.05 increase in the price of a gallon of milk, the price rise is said to fall within customers' ________.

• A) price indifference band
• B) experience curve
• C) arm's-length price
• D) learning curve
• E) net price index

---

Definitions:

Business Startups

New business ventures created from scratch, aiming to fill a market need or niche.

Customer Intimacy Model

A business strategy that focuses on building close relationships with customers to better understand and anticipate their needs.

One-Time Sales

Refers to transactions where products or services are sold on a singular occasion, rather than on a recurring basis.

Individual Customers

Single persons or entities that purchase goods or services for personal use or consumption rather than for resale.