Which of the Following Is LEAST Likely to Be a Factor

question 136

Multiple Choice

Which of the following is LEAST likely to be a factor on which the price of a product is based?

• A)what the market will bear
• B)the amount of support provided by resellers
• C)economic well-being of the consumer
• D)the consumer's ability to gauge the value
• E)the relative value of the product

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Definitions:

Means-ends Chain

A concept in decision-making that links goals (ends) with the strategies or measures (means) adopted to achieve them.

Objectives

Specific, measurable outcomes that an individual or organization aims to achieve.

Well-written Objectives

Clearly defined and articulated goals or purposes, often used in academic and professional settings to outline desired outcomes.

Qualitatively

In a manner that pertains to the quality or characteristics of something, often through descriptive or subjective measures, rather than quantitative or numerical terms.