Which of the Following IS NOT a Situation That Can

question 2

Multiple Choice

Which of the following IS NOT a situation that can cause customers to be less sensitive to price increases?

• A) when customers have few product choices
• B) when products are highly differentiated
• C) when the product is a real or a perceived necessity
• D) when the total expenditure is high
• E) when the product is considered to be "worth it"

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Definitions:

Democratic Procedures

Processes that are based on the principles of democracy, allowing for equal participation and vote in decision-making by all stakeholders.

Union Members

Individuals who are part of a labor union, an organization that represents workers in negotiations with employers over wages, benefits, and working conditions.

Union Certification

The authorized recognition by a governmental authority that a labor union represents the workers in bargaining with their employer.

Authorization Cards

Documents signed by employees to indicate their support for a union to become their representative for collective bargaining purposes.