There Are Several Reasons Why a Consumer Would Be Reluctant

question 87

Multiple Choice

There are several reasons why a consumer would be reluctant to adopt a new product.For example,a consumer might be reluctant to adopt a new product because of a psychological barrier,which 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:

Gross Method

An accounting method for recording purchases at the invoice's gross amount before any trade discounts are subtracted.

Net Method

A way to record purchases of inventory with a discount for early payment, where the purchase is recorded at the net of the discount and the discount is lost if not taken.

Net Approach Method

A pricing method where the net price after all discounts is shown in the invoice.

Periodic Inventory System

An inventory valuation method where the inventory is physically counted at specific intervals and the cost of goods sold is calculated thereafter.