Going to the Dogs

question 124

Multiple Choice

Going to the Dogs
Demand for pet services is greatly increasing across the United States. In fact,Americans will spend nearly $44 billion dollars on their pets this year.Many American dog owners are seeking out "doggy daycares" that are more like a resort or spa than an ordinary kennel for their canine companion.Daycare services for dogs now include toy rooms,outside play areas,doggie massages,treadmills,swimming pools and cushy beds for nap time.Pet owners can watch their pets via a Web cam and some doggy daycares have a phone where owners can talk to their dog when they feel their pet needs to hear their voice. Rates vary from $20 to $45 a day per pet,depending on the amenities that the pet owner chooses.
-Refer to Going to the Dogs.One challenge to adoption of the dog daycare is the fact that dog owners are used to paying a somewhat minimal fee for boarding their dog in a kennel,while a daycare center may demand many times as much for the same time span.This suggests the _____ of the new product may affect the rate of diffusion.

• A) compatibility
• B) complexity
• C) relative advantage
• D) observability
• E) trialability

Understand the consequences of foreign trade policies and practices on global relations.

Identify the social and economic changes leading to the rise of the middle class.

Analyze the evolution of American attitudes towards slavery, race, and gender roles in society.

Understand the utility and application of various research methods in psychology, including naturalistic observation, case studies, surveys, and experiments.

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Definitions:

Cable Television

A system of delivering television programming via coaxial or fiber-optic cables, offering a wide range of channels and services.

Natural Monopoly

A market condition where the most efficient number of firms in the industry is one, due to the high infrastructure or fixed costs associated with distribution networks.

Willingness to Pay

The maximum amount an individual is prepared to spend on a good or service, reflecting the value they place on it.

Income

The extraction of financial value, repetitively over time, from working engagements or investment pursuits.