_______ Is Created by a Combination of the Design, Colour

question 34

Multiple Choice

_______ is created by a combination of the design, colour and layout of a retail store.

• A)Presence
• B)Atmosphere
• C)Packaging
• D)Service

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Definitions:

Price-elasticity

A measure of the responsiveness of the quantity demanded or supplied of a good to a change in its price.

Sneaker Manufacturers

Companies engaged in the design, production, and marketing of sneakers for various consumer segments.

Price Competitive

A market condition where businesses strive to offer their goods or services at lower prices than their competitors to attract customers.

Few Substitutes

A market condition where there are limited alternatives for a product, giving the product a higher degree of market power and potentially leading to higher prices.