There Are Several Reasons Why a Consumer Would Be Reluctant

question 270

Multiple Choice

There are several reasons why a consumer would be reluctant to purchase a new product.One example would be a value barrier.A value barrier occurs when

• A)there is no incentive to change.
• B)there are physical, economic, or social risks.
• C)there are cultural differences.
• D)the financial commitment is too great.
• E)the product is not consistent with existing habits.

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Definitions:

Parent Company

A company that owns a controlling interest in another company or companies, known as subsidiaries.

Outsourced

The process of hiring external organizations or individuals to perform services or create goods that traditionally were performed in-house by the company's own employees and staff.

Open Source

Pertaining to software for which the original source code is made freely available and may be redistributed and modified.

Logistics

The detailed organization and implementation of a complex operation, often referring to the commercial transportation and coordination of goods.