All but Which of the Following Factors Influence the Price

question 18

Multiple Choice

All but which of the following factors influence the price elasticity of demand?

• A) Product substitutes
• B) Product necessity
• C) The amount of the purchase compared to the consumer's total income
• D) Quality

---

Definitions:

Special Capabilities

Unique strengths or skills that an organization or individual possesses, making them stand out in their field or industry.

Sustainable Advantages

Sustainable advantages are competitive edges that a company can maintain over its competitors for a long period, often derived from unique resources, capabilities, or market position that are difficult to replicate.

Competencies

Refers to the abilities and skills that enable an organization or individual to perform effectively.

Marketing Activities

Actions or tactics utilized by a business to promote its products or services, these can include advertising, content marketing, social media campaigns, and more.