Which of the Following Statements About Consumer Demand as a Pricing

question 357

Multiple Choice

Which of the following statements about consumer demand as a pricing constraint is most accurate?

• A)The number of potential buyers for the product class has little effect on the price a seller can charge.
• B)The number of potential buyers for the product affects the price a seller can charge,but only if the product is a luxury item.
• C)The number of potential buyers for the product affects the price a seller can charge,but only if the product is a necessity item.
• D)The number of potential buyers for the brand affects the price a seller can charge in the growth stage of a product life cycle,but not in the introductory stage.
• E)In general,the demand for a product affects the price a seller can charge.

---

Definitions:

Cardiovascular Health

The overall condition of the heart and blood vessels, including the absence of heart disease and risk factors that could lead to heart problems.

Physical Fitness

Set of attributes relating to the ability to perform physical activity; often viewed as cardiorespiratory fitness; components include flexibility, suitable body composition, muscular strength, and muscular endurance.

Physical Activity

Any bodily movement produced by skeletal muscles that requires energy expenditure, promoting physical fitness and health.

Steps

Sequential actions or procedures followed to achieve a particular end.