Consumers exhibit less price sensitivity for all of the following reasons EXCEPT which one?
a. when the product they are buying is unique
b. when substitutes are hard to find
c. when the product in question is in high demand
d. when the total expenditure for a product is high relative to their income
Ans: d. when the total expenditure for a product is high relative to their income
Business
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The pressure exerted by internal forces for change may be subtle or very dramatic.
a. true b. false
Business
Use the information in Scenario 9.3. What is the economic order quantity for the XO-01?
A) less than or equal to 100 units B) greater than 100 units but less than or equal to 180 units C) greater than 180 units but less than or equal to 250 units D) greater than 250 units
Business