According to Recent Studies, Between 40 to 70 Percent of Body

question 267

Multiple Choice

According to recent studies, between 40 to 70 percent of body mass variation among people is accounted for by

• A)cultural factors
• B)environmental factors
• C)personality and individual difference factors
• D)genetic factors

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Definitions:

Marketing Mix

The set of controllable tactical marketing tools—product, price, place, and promotion—that a company uses to produce a desired response from its target market.

Right Price

The optimal price point for a product or service that reflects its value to the customer while allowing a business to make a reasonable profit.

Price Elastic

Describes a situation where the demand for a product changes significantly in response to a change in the product's price.

Price Inelastic

A situation where the demand for a product does not change significantly in response to price changes.