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

---

Definitions:

Amnesic Patients

Individuals who suffer from amnesia, a condition characterized by a noticeable and usually large deficits in memory.

Infant Amnesia

The phenomenon where adults are unable to recall personal memories from the early years of their life, typically before the age of three or four.

Procedural Memory

A type of long-term memory involved in the learning and execution of motor skills and habits.

Declarative Memories

A type of long-term memory that involves the recall of specific facts and events that can be verbally expressed, such as names, dates, and places.