When There Are Many Substitutes Available for a Particular Product

question 50

Multiple Choice

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

• A)judge the quality of the substitute product based on the 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 the supply of substitute products that belong to new brands.

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Definitions:

Reminders

Cues or signals that prompt the recall of information or motivate actions that might otherwise be forgotten.

Memory Testing

Memory testing refers to the assessment of an individual's ability to recall, recognize, or utilize information that has been previously learned, helping to identify possible impairments or declines.

Improvements

Refers to enhancements or betterments in situations, processes, or qualities.

Deficits

The shortfall or deficiency in a particular area such as budget, skill, or knowledge.