Consumers Are Less Price Sensitive When ________

question 111

Multiple Choice

Consumers are less price sensitive when ________.

• A) price is only a small part of the total cost spent on the product over its lifetime
• B) they perceive the higher prices to be unjustified
• C) they change their buying habits regularly
• D) there are many substitutes and competitors in the market
• E) they are buying high-cost items

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Definitions:

Redundancy

The inclusion of extra components that are not strictly necessary to functioning, in case of failure in other components.

Rapport

A positive, trusting relationship between individuals, characterized by mutual understanding, respect, and communication.

Functional Curriculum

A curriculum designed to teach students skills that apply directly to real-world situations and daily living.

Independent Living

The ability to live by oneself, managing everyday tasks and responsibilities without assistance.