Consumers Will Make a Decision to Purchase a New Product

question 101

Multiple Choice

Consumers will make a decision to purchase a new product only if it

• A)has a lower marginal utility per dollar spent than another product.
• B)is recommended as a valuable product by other consumers.
• C)increases the total utility they obtain from their limited income.
• D)can be sold at a lower price than that for a competing product.

Recognize the implications of seismic activity on various geographic locations and their risk assessments.

Understand how laboratory conditions can simulate and help study geological processes at depth.

Identify and understand different bases of power in leadership.

Understand the formal leadership process and its significance in organizational objectives.

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Definitions:

FOB Shipping Point

A term in shipping where the buyer assumes responsibility for the goods and shipping cost as soon as the goods leave the seller’s premises.

Freight Charges

Costs incurred for transporting goods from one place to another by sea, air, or land.

Trade Discount

A reduction in the listed price of goods or services offered by sellers to buyers in a commercial transaction.

Customer Discount

A reduction in the price of goods or services offered to customers, usually to encourage prompt payment or increase sales volume.