A Buyer Is Willing to Buy a Product at a Price

question 111

True/False

A buyer is willing to buy a product at a price greater than or equal to his willingness to pay, but would refuse to buy a product at a price less than his willingness to pay.

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Definitions:

Primary Emotions

Fundamental emotions that are universal and experienced by all, such as happiness, sadness, fear, and anger.

Trust

The firm belief in the reliability, truth, ability, or strength of someone or something.

Responsive

Showing a quick and positive reaction to changes or to the needs of a situation or person.

Independent

The state of being self-reliant and not dependent on others for support, sustenance, or decision making.