Which of the Following Is True Regarding Customer Buying Power

question 56

Multiple Choice

Which of the following is true regarding customer buying power?

• A)When customer buying power is high,the cost of serving customers decreases.
• B)When customer buying power is high,the market attractiveness increases.
• C)When customers can easily switch from one supplier to another,the competition decreases.
• D)When the purchased product or service is of limited importance to the customer,supplier dependence is much higher.
• E)When customer buying power is high,they force increased competition.

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Definitions:

Drug Addiction

A chronic, relapsing disorder characterized by compulsive drug seeking, continued use despite harmful consequences, and long-lasting changes in the brain.

Hypnotic Pain Relief

A method of reducing discomfort through hypnosis, which involves inducing a state of focused attention and reduced peripheral awareness, enhancing the ability to respond to suggestions.

False Memories

Recollections of events that never actually happened or memories that are distorted, often the result of suggestion or psychological processes.

Dissociation

A mental process of disconnecting from one’s thoughts, feelings, memories, or sense of identity often in response to traumatic events.