Products for Which Customers Are Price Sensitive Are Said to Be

question 6

Multiple Choice

Products for which customers are price sensitive are said to be

• A) Price elastic
• B) Price inelastic
• C) Price volatile
• D) Price subjective

---

Definitions:

Marketing Channels

Pathways through which goods and services flow from producers to consumers, involving intermediaries like wholesalers and retailers.

Drugstores

Retail shops where medications and other healthcare products are sold.

Competitive Pressures

Forces that challenge a company's market position, including competition from other firms, pricing strategies, and innovation demands.

Pricing Consistency

The strategy of maintaining stable prices for products or services over a period of time to build customer trust and loyalty.