The First Step in Estimating Demand Is to Understand What

question 145

Multiple Choice

The first step in estimating demand is to understand what affects price sensitivity.Generally speaking,customers are most price sensitive to products that cost a lot or are ________.

• A) priced low to begin with
• B) low cost
• C) bought frequently
• D) bought infrequently
• E) none of the above

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Definitions:

Contemplation

A stage in the change process where an individual recognizes a problem and begins to think about resolving it but hasn't committed to action.

Process of Change

The process of change refers to the sequence of stages or actions through which an individual, group, or organization undergoes transformation or adaptation.

Goal Attainment Scaling

A method for setting, monitoring, and measuring personal goals and outcomes, often used in therapeutic and educational settings to assess progress.

Treatment Plan

A structured strategy or set of interventions designed to address specific health or psychological issues.