Which of the Following Is a Psychological Factor Affecting Pricing

question 36

Multiple Choice

Which of the following is a psychological factor affecting pricing decisions?

• A) Expected consumption rates of potential buyers
• B) Location of potential buyers
• C) Use of price as an indicator of quality by potential buyers
• D) Economic strength of potential buyers

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Definitions:

Factored Form

An expression represented as the product of its factors.

Constructed Figure

A geometric shape that is drawn or created using specific rules or tools.

Expression

A combination of symbols, numbers, and operations (such as addition and multiplication) that represents a mathematical concept.

Factor

One of two or more expressions that are multiplied together to form a product or an element that divides another number or expression without leaving a remainder.