Which of the Following Statements Best Represents the Attitude of a Consumer

question 11

Multiple Choice

Which of the following statements best represents the attitude of a consumer with a very elastic demand for golf clubs?

• A)"The set of clubs that professional golfer Arnold Palmer use,are what I'll be swinging when I hit the golf course."
• B)"I'm generally pretty frugal,but I need all the help I can get when I meet with my weekly foursome.If one brand can give me an edge,the extra money is well spent."
• C)"I buy the brand of clubs I've used all my life.They've been good to me,so why would I even consider a bargain set of clubs?"
• D)"One golf club is as good as the next.It's the player not the club,so I don't get wrapped up in buying one brand of clubs over another."

---

Definitions:

Flexible Budgeting

A financial planning tool that adjusts budgets based on changes in actual activity levels, allowing for variable cost adjustment.

Operating Data

Information collected on the performance and efficiency of day-to-day operations within a company.

Budgeted Volume

The amount of production or sales a company plans to achieve within a certain period as part of its budgeting process.

Production

The process of creating, manufacturing, or enhancing the value of goods and services.