Which of These Statements About Consumer Demand as a Pricing

question 83

Multiple Choice

Which of these statements about consumer demand as a pricing constraint is most accurate?

• A) The price charged by competitors for similar offerings has little effect on the price a seller can charge unless there are very few potential buyers.
• B) The number of potential buyers for the product affects the price a seller can charge, but only if the product is using a push strategy in the channel.
• C) The number of potential buyers for the product affects the price a seller can charge, but only if the product is a necessity item.
• D) The number of potential buyers for the brand affects the price a seller can charge in the growth stage of a product life cycle, but not in the introductory stage.
• E) The number of potential buyers generally affects the price a seller can charge.

---

Definitions:

American Business

Economic activities and enterprises based in the United States, contributing to its GDP and employment.

Racism

Prejudice, discrimination, or antagonism directed against someone of a different race based on the belief that one's own race is superior.

Nativism

Anti-immigrant and anti-Catholic feeling especially prominent from the 1830s through the 1850s; the largest group of its proponents was New York’s Order of the Star-Spangled Banner, which expanded into the American (Know-Nothing) Party in 1854.

Ruth Benedict

An influential American anthropologist who made significant contributions to the field with her research on culture and personality.