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.

Understand how budgeting processes are utilized in clinics and service companies.

Comprehend the concept of activity variance in financial management.

Identify the difference between favorable and unfavorable variances.

Apply knowledge of fixed and variable costs to predict financial outcomes.

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Definitions:

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