The Danger of _____ Is When High-Income Customer Switch to Cheaper

question 108

Multiple Choice

The danger of _____ is when high-income customer switch to cheaper products in a firm's product line.

• A)dilution
• B)cannibalism
• C)trading
• D)brand confusion

Understand the concept of consumer equilibrium and how it is depicted graphically.

Interpret indifference curves and budget constraints in consumer choice theory.

Identify points of maximal utility given budget and price constraints.

Recognize attainable and unattainable utility levels within the context of consumer budget constraints.

---

Definitions:

Post

To publish content or information on a digital platform such as social media, blogs, or forums.

Promotion

A marketing strategy involving the publicizing of a product, brand, or event to increase sales or public awareness.

Miami

Miami is a major city in southeastern Florida, USA, known for its vibrant culture, diverse population, international trade hubs, and as a popular tourist destination.

Smart Systems

Integrated and often automated systems combining hardware and software to perform complex tasks intelligently and efficiently.