Which of the Following Statements About Consumer Demand as a Pricing

question 173

Multiple Choice

Which of the following statements about consumer demand as a pricing constraint is most accurate?

• A)The price charged by competitors for similar offerings has little effect on the price a seller can charge,usually only if there are very few potential buyers.
• B)The number of potential buyers for the product affects the price a seller can charge,but only if the product is using a push strategy in the channel.
• C)The number of potential buyers for the product affects the price a seller can charge,but only if the product is a necessity item.
• D)The number of potential buyers for the brand affects the price a seller can charge in the growth stage of a product life cycle,but not in the introductory stage.
• E)The number of potential buyers generally affects the price a seller can charge.

---

Definitions:

Labour Efficiency Variance

The difference between the actual labor hours used and the standard labor hours expected for the level of production achieved, often related to workforce productivity.

Variable Overhead

Costs that fluctuate with the level of production or business activity, such as utilities or raw materials.

Labour Rate Variance

The difference between the actual cost of labor and the expected (or budgeted) cost.

Standard Hours Allowed

The amount of work hours allocated to complete a specific task or project, often used in performance measurement.