There Are Several Reasons Why a Consumer Would Be Reluctant

question 37

Multiple Choice

There are several reasons why a consumer would be reluctant to purchase 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)the product is not consistent with existing habits
• D)the financial commitment is too great
• E)it affects one's image

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Definitions:

Valuation Method

A technique used to determine the fair value of assets or liabilities, considering market conditions, income potential, and historical costs.

Net Capital Assets

The total value of a company's fixed assets less any accumulated depreciation, representing the actual worth of these assets in the company's balance sheet.

Book Value

is the value of an asset according to its balance sheet account balance, taking into account the cost of the asset minus any depreciation, amortization, or impairment costs.

Statutory Amalgamation

A process by which two or more companies legally consolidate into a single entity by statute, rather than by merging their assets and liabilities.