Which of the Following Is a Demographic Factor That Influences

question 48

Multiple Choice

Which of the following is a demographic factor that influences the pricing decision of a product?

• A) Buyers using price as an indicator of product quality
• B) Potential buyers being favorably attracted by odd pricing
• C) Prestige orientation of potential buyers
• D) Expected consumption rates of potential buyers

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Definitions:

Opportunity Cost

The value of the next best alternative that must be foregone as a result of making a decision.

Bowling

A sport or leisure activity in which a player rolls or throws a bowling ball towards pins or another target.

Billiards

A cue sport that encompasses a wide variety of games involving pool tables, cue sticks, and balls, where players strike balls to score points based on game-specific rules.

Limited Resources

The finite availability of inputs (like labor, capital, and land) that are used for the production of goods and services.