Fone IncIs About to Launch the Latest Version of Its Smartphone

question 69

Multiple Choice

Fone Inc.is about to launch the latest version of its smartphone.As part of its pricing strategy,it is analyzing the economic strength of its potential buyers.Which of the following factors influencing pricing decisions is Fone concerned with?

• A) Psychological factors
• B) Environmental factors
• C) Demographic factors
• D) Price elasticity

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Definitions:

Nearby Object

An item or entity that is located within a short distance from a point of reference, often within easy reach or view.

Gestalt Principle

A theory in psychology that proposes the human brain sees objects in their entirety before perceiving their individual parts.

Similarity

The state of being alike or sharing common features.

Costumes

Outfits worn to create a particular appearance, often used in theatrical performances, celebrations, or as part of role-playing.