If Target Market Buyers Do a Serious Trial on a New

question 21

Multiple Choice

If target market buyers do a serious trial on a new item,and if there is previous assurance from the product use test that people would like it,_____ is virtually assured.

• A)increased competition
• B)repeat buying
• C)premium pricing
• D)market leadership

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Definitions:

Price Difference

The variation in cost between two goods, services, or markets, often influenced by factors like quality, supply, and demand.

Minimum Wage

The lowest legal wage that can be paid to most workers, intended to protect workers from unfairly low pay.

CPI

The Consumer Price Index is a gauge that assesses the combined average cost of a variety of essential consumer items and services like healthcare, food, and transport, factoring in their weighted value.

Producer Price Index

Measure of the aggregate price level for intermediate products and wholesale goods.