Which of the Following Terms Is Used by Marketers to Describe

question 65

Multiple Choice

Which of the following terms is used by marketers to describe the idea that consumers are often bombarded with too much information in their daily lives?

• A) Clutter
• B) Noise
• C) Distraction
• D) Discord
• E) Distortion

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Definitions:

Elastic

Describes the sensitivity of demand or supply for a good or service to changes in its price, with higher elasticity indicating greater sensitivity.

Tax Burden

The total amount of taxes imposed on an individual, company, or economic sector by the government, often expressed as a percentage of income or GDP.

Slightly Elastic

Refers to a situation where a small change in price leads to a relatively small change in the quantity demanded or supplied.

Very Inelastic

Describes a situation where demand or supply hardly changes in response to changes in price.