In Which of the Following Situations Will an Individual's Purchasing

question 105

Multiple Choice

In which of the following situations will an individual's purchasing power be unaffected?

• A)money income is cut in half and the prices of all goods and services fall by 50%
• B)money income falls and the price of one good falls
• C)money income doubles and the prices of all goods and services are cut in half
• D)money income doubles and the prices of all goods and services remain constant
• E)money income is cut in half and prices of all goods and services remain constant

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Definitions:

Buyer's Readiness

The stages a potential purchaser goes through before deciding to buy a product, including awareness, knowledge, liking, preference, conviction, and purchase.

Qualifying Leads

The process of determining the likelihood that a potential customer has interest, as well as the authority and financial capacity, to complete a purchase.

Health Insurance

A type of insurance that covers the cost of an insured individual's medical and surgical expenses.

Telemarketing

A method of prospecting in which salespeople telephone potential customers.