If Consumers Have an Expectation of a Product's Price Increasing

question 144

Multiple Choice

If consumers have an expectation of a product's price increasing in the near future,they will usually

• A) wait to see if the price really increases.
• B) purchase more at the current price.
• C) wait for the new price and compare.
• D) none of the above

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Definitions:

Company Policy

Guidelines and rules established by a business to dictate employee behavior and company operations.

Three-Step Strategy

A methodological approach that divides a process or plan into three sequential stages to achieve a specific goal.

Requesting Information

The act of formally or informally seeking specific data or details from a source or individual.

Resale Message

A message or advertisement promoting the sale of second-hand goods or previously owned items.