Consumer Acceptance of a New Product Depends on

question 164

Multiple Choice

Consumer acceptance of a new product depends on

• A)price alone.
• B)marginal utility alone.
• C)price and marginal utility.
• D)total utility divided by marginal utility.

---

Definitions:

Genetic Variations

Differences in DNA sequences among individuals, which contribute to the uniqueness of each person's physical and behavioral characteristics.

Adaptive Genetic

Genetic changes that enhance the survival and reproduction of organisms in their environment.

Startle Response

A rapid, involuntary reaction to a sudden or threatening stimulus, often involving physical movement away from the stimulus.

Instinct

An innate, typically fixed pattern of behavior in animals in response to certain stimuli.