If the Absolute Price of a New Car Is $30,000

question 72

Multiple Choice

If the absolute price of a new car is $30,000 and the relative price of a laptop computer in terms of cars is 1/30 of a car,it follows that the absolute price of the laptop is

• A) $10,000.
• B) $1,000.
• C) $3,000.
• D) $2,000.
• E) $1,500.

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Definitions:

Opinion Leaders

Individuals who exert an unequal amount of influence on the decisions of others because they are considered knowledgeable about particular products.

Individualism Or Collectivism

A cultural element that describes whether a society values personal goals and independence (individualism) or prioritizes group goals and cohesion (collectivism).

Perception Process

Involves the organization, identification, and interpretation of sensory information to understand the environment and events.

Internal or External Stimulus

Any event or situation that triggers a response or reaction from an individual or organization, which can originate from within (internal) or outside (external) the entity.