A consumer becomes loyal to a product when:
a. the good is available at a very low price.
b. the product is as good as its substitutes.
c. the product comes with a gift occasionally.
d. he/she has had a positive experience with that good.
e. discounts are offered periodically.
d
You might also like to view...
Other things constant, the quantity theory of money concludes that any increase in the quantity of money
A) decreases the demand for money. B) decreases in the aggregate price level. C) decreases the aggregate level of nominal income. D) proportionally increases the price level.
Economic experience since 1973 indicate that, under floating exchange rates
A) large and persistent departures from external balance were not prevented. B) large and persistent departures from external balance were prevented. C) changes in exchange rates failed to act as automatic stabilizers. D) reduced monetary policy autonomy. E) monetary policy autonomy was protected.