Amy and Jill Were Loyal Customers of Jon’s Market, a Local

question 49

Multiple Choice

Amy and Jill were loyal customers of Jon’s Market, a local grocery store. However, after a couple of incidents where they had to return products that were stale and out of date, the couple decided to try out VeggiesNmore, a chain store that recently opened in town. Both Amy and Jill must move through each stage in the marketing funnel before becoming loyal customers.
-Jill has shopped at VeggiesNmore.She was happy with the experience and thought that it could be an alternative to Jon's Market.However,she is also keen to try out other stores in the neighborhood.She is in the________ stage of the marketing funnel as far as shopping at VeggiesNmore is concerned.

• A)aware
• B)open to trial
• C)most often used
• D)trier
• E)regular user

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Definitions:

Perfectly Competitive

A market structure characterized by a large number of small firms, a homogeneous product, freedom of entry and exit, and perfect information.

VMPL

The value of the marginal product of labor, which is the additional value created from an increase in labor input.

Equilibrium Market Wage

The wage rate at which the quantity of labor supplied and the quantity of labor demanded are equal.

Bricklayers

Tradespeople who lay bricks, concrete blocks, and other types of masonry materials to construct or repair walls, partitions, and other structures.