The Smith Boys Want to Get the New Xbox Console

question 54

Multiple Choice

The Smith boys want to get the new Xbox console for Christmas, but their parents are hesitant to buy it because the family already owns the two latest versions of the PlayStation consoles with multiple games and extra controllers. Their decision to remain with the PlayStation is due to which of the following?

• A) Switching costs
• B) Bargaining power
• C) Risk of entry
• D) Brand loyalty
• E) Lack of economies of scale

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Definitions:

Sexual Arousal

The physiological and psychological process of becoming sexually stimulated.

Genetics

The branch of biology that studies the inheritance of physical and behavioral traits from one generation to another through DNA.

Cultural Influences

The effects that the customs, beliefs, and social behavior of a society have on individuals and groups within that society.

Sexual Orientation

A lasting tendency of feeling emotionally, romantically, or sexually attracted to men, women, both genders, no gender, or a different gender.