When Customers Cannot Discriminate Among Products,they Consider the Products to Be

question 54

Multiple Choice

When customers cannot discriminate among products,they consider the products to be similar,and the main determinant of which product is purchased is:

• A)their quality.
• B)product recall.
• C)their USP.
• D)their relative price.

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Definitions:

Fixed Asset

Long-term tangible property owned by a business, used in its operations and not expected to be consumed or converted into cash in the short term.

Acquisition Cost

The total cost incurred to acquire an asset, including the purchase price and all other expenses necessary to bring the asset to its intended use.

Equipment

Tangible assets used in the operation of a business, such as machinery, computers, and furniture, which are not intended for sale.

Installation Costs

The expenses associated with setting up or installing equipment, machinery, or software.