Consumers Are Less Price Sensitive ________

question 103

Multiple Choice

Consumers are less price sensitive ________.

• A) to high cost items
• B) when they frequently change their buying habits
• C) when there are more substitutes
• D) when there are more competitors
• E) when they do not readily notice higher prices

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Definitions:

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.

Passive Behavior

A pattern of avoiding direct communication, conflict, or confrontation, often characterized by compliance, avoidance of responsibility, and failing to express one’s own needs or preferences.

Vroom-Yetton-Jago

A decision-making model that helps leaders determine the appropriate level of employee participation in decision making based on situational variables.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives to achieve a desired outcome.