Which of the Following Can Be a Signal of Product

question 33

Multiple Choice

Which of the following can be a signal of product quality to customers?

• A)Discounts offered on bulk purchases of the product.
• B)Gift of complementary products offered to purchasers.
• C)The information provided by the salesperson about the product.
• D)A warranty provided along with the product.

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Definitions:

T-Shirts

A type of clothing characterized by short sleeves and typically made of cotton fabric.

Coffee

A brewed drink prepared from roasted coffee beans, the seeds of berries from certain Coffea species.

Giffen Good

The hypothetical inferior good for which the income effect outweighs the substitution effect and the demand curve slopes upward.

Income Effect

The dynamics of income change in a person or an economy, and its role in altering the demand pattern for goods and services.