Which of the Following Statements About Consumer Demand as a Pricing

question 184

Multiple Choice

Which of the following statements about consumer demand as a pricing constraint is most accurate?

• A)The number of potential buyers for the product class has little effect on the price a seller can charge.
• B)The number of potential buyers for the product affects the price a seller can charge, but only if the product is a luxury item.
• C)The number of potential buyers for the product affects the price a seller can charge, but only if the product is a necessity item.
• D)The number of potential buyers for the brand affects the price a seller can charge in the growth stage of a product life cycle, but not in the introductory stage.
• E)Whether the item is a luxury or a necessity affects the price a seller can charge.

---

Definitions:

Calorie Content

The amount of energy in food or drink, measured in calories, that can be metabolized by the body.

Linear Effects

In modeling, the proportional change in an outcome resulting from a one-unit change in independent variables assuming all other variables are held constant.

Broad Scope

A wide range or extensive area of activity, consideration, or examination.

Team Development

The process of enhancing the effectiveness, cohesiveness, and performance of a team through various stages and strategies.