All of the Following Are Strategies to Make the Demand

question 86

Multiple Choice

All of the following are strategies to make the demand for a good or service more inelastic EXCEPT:

• A) reducing consumer awareness.
• B) cultivating selected demand.
• C) changing the package design.
• D) creating a unique offering.
• E) heightening buyer dependence.

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Definitions:

Procedural Memory

Procedural memory is a type of long-term memory that involves the memory of how to perform different actions and skills.

Procedural Memory

The memory system involved in the unconscious retention and retrieval of learned motor skills and habits.

Declarative Memory

A type of long-term memory that involves the ability to recall factual information, such as events and facts.

Explicit Memory

The type of long-term memory involving conscious recollection of factual information, previous experiences, and concepts.