Which of the Following Circumstances Might Trigger a Modified Rebuy

question 133

Multiple Choice

Which of the following circumstances might trigger a modified rebuy instead of a straight rebuy?

• A) Change in the quality level needed
• B) Dissatisfaction with the current vendor
• C) Change in a few product specifications
• D) A desire to get a more favorable price
• E) All of these

---

Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to a stable market condition.

Equilibrium Quantity

The quantity of goods or services supplied is equal to the quantity demanded at the market equilibrium price.

Demand Increases

A situation wherein there is a rise in the quantity of a product or service sought after by consumers at a given price level.

Equilibrium Price

The price level at which the amount of products available for sale matches the amount consumers want to buy.