John Receives a Coupon on His IPhone Advising Him About

question 104

Multiple Choice

John receives a coupon on his iPhone advising him about the location of a Domino's Pizza store.This is an example of which?

• A) demonstrating an unmet need
• B) discovering a consumer need
• C) the foundation of brand loyalty
• D) a way for parties to communicate
• E) practicing ethics and sustainability

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Definitions:

Entry Barriers

Obstacles that prevent or hinder potential competitors from entering a market or industry.

Substantial Entry

A significant entry of new firms into a market, often leading to increased competition and affecting market dynamics.

Flexible Prices

Product prices that freely move upward or downward when product demand or supply changes.

Product Demand

The desire and willingness to purchase a specific good or service in the market.