"Impulse buying" is often the result of a:
A. Rational optimizing decision in response to incentives and prices
B. Precise estimation of one's marginal utilities and price comparisons
C. Systematic non-rational behavior that marketers can take advantage of
D. Random error in a consumer's behavior that is not predictable
C. Systematic non-rational behavior that marketers can take advantage of
You might also like to view...
How does a single-price monopoly determine the price it will charge its customers?
What will be an ideal response?
The pricing of a product at each stage of production as the product moves through several stages is called
A) transfer pricing. B) cost plus pricing. C) penetration pricing. D) monopolistic pricing.
How would a decrease in lumber prices influence the home construction market?
a. The demand for newly constructed homes will increase. b. The demand for newly constructed homes will decrease. c. The supply of newly constructed homes will increase. d. The supply of newly constructed homes will decrease.
Answer the following statement true (T) or false (F)
1) About two-thirds of all federal spending is for national defense. 2) A progressive tax takes relatively more from the rich than it does from the poor. 3) The benefits-received principle of taxation is used to support corporate and personal income taxes. 4) Sales taxes are proportional in relation to income because the same tax rate applies regardless of the size of a purchase.