A Consumer's Price Sensitivity Will Increase As

question 20

Multiple Choice

A consumer's price sensitivity will increase as:

• A)the perceived number of substitutes decrease.
• B)switching costs increase.
• C)the shared costs for the expenditure increase.
• D)the perceived unique value of the service increases.
• E)the customer's ability to build an inventory increases.

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Definitions:

Dominant

In genetics, a term to describe the ability of an allele for a trait to mask the presence of another allele.

Allele

A variation of a gene, resulting from mutation, that occurs in the same location on a chromosome, among two or more possibilities.

Blood Protein

Various proteins found in blood, serving functions such as transport, immunity, and regulation of bodily processes.

Oxygen

A chemical element with symbol O and atomic number 8, essential for most life forms on Earth as a component of water and as a necessary element for cellular respiration.