Which Statement Describes Step-Cost Behaviour

question 36

Multiple Choice

Which statement describes step-cost behaviour?

• A)discontinuous
• B)displays a constant level of cost for a range of output and then jumps to a higher level at some point
• C)must be purchased in chunks
• D)All of the above describe step-cost behaviour.

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Definitions:

Attitudes

Attitudes reflect how an individual feels about something, encompassing their beliefs, feelings, and behavioral intentions toward people, objects, or ideas.

Traditional Family

A family structure typically defined as a heterosexual couple living with their biological children.

Family Life Cycle

A series of stages through which a family progresses over time, impacting buying behaviors and marketing strategies.

Income

The financial gain received by an individual or a business from various sources, such as wages, investments, or sales, over a certain period.