Which of the Following Factors Is Primarily Concerned with How

question 21

Multiple Choice

Which of the following factors is primarily concerned with how consumers perceive various prices or price changes?

• A)Environmental factors
• B)Psychological factors
• C)Demographic factors
• D)Sociological factors

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Definitions:

Transfer of Ownership

The process by which the rights of property or title are moved from one party to another.

Void

A term applied to a contract that is not valid because its object is illegal or it has a defect that is so serious that it is not a contract.

Lease

(1) A transfer of the right to possess and use goods for a period of time in return for consideration. (2) The agreement between a landlord and a tenant that specifies the terms of a property rental.

Surrendering Property

The act of voluntarily giving up rights to property, often in a legal or financial context, such as in bankruptcy.