Customers Are Likely to Be Less Price Sensitive

question 152

Multiple Choice

Customers are likely to be less price sensitive

• A) the greater the total expenditure.
• B) the greater their share of the cost.
• C) the greater the significance of the end benefit.
• D) the easier it is to compare prices.
• E) None of these alternatives is correct.

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Definitions:

Desired Output

The intended result or effect that a system or process aims to achieve.

Closed-Loop Control System

A control system where the output influences the input through a feedback loop, aiming for stable and accurate control.

Modbus

A network that uses a master/slave communication technique.

Fieldbus

An open, all-digital, serial, two-way communications system that interconnects measurement and control equipment such as sensors, actuators, and controllers.