When There Are Many Substitutes Available for a Particular Product,consumers

question 19

Multiple Choice

When there are many substitutes available for a particular product,consumers:

• A)​judge the quality of the substitute product based on supply of each substitute.
• B)perceive individual products to have poor durability.
• C)can easily switch from one product to another.
• D)​are sensitive to changes in supply of substitute products belonging to new brands.

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Definitions:

Directors and Shareholders

Individuals or entities that hold decision-making power (directors) and those who own shares in a company (shareholders).

Plan Approval

The process in which an authoritative body reviews and approves a proposed plan or project.

Shares Exchange

The process where shares of stock are traded or exchanged between parties, typically on a stock exchange platform.

Companies Existence

Refers to the legal recognition and status of a corporation as an entity that is separate and distinct from its owners or shareholders.