Which of the following is an example of a demographic factor that influences the pricing decision of a product?
A)The nature of the product
B)The reaction of potential buyers to odd pricing
C)The prestige orientation of potential buyers
D)The expected consumption rates of potential buyers

Question

Quizplus · Accepted Answer

The expected consumption rates of potential buyers are a demographic factor that can influence the pricing decision of a product. This is because if the potential buyers are expected to consume the product at a high rate, the seller may price the product higher as they know that the buyers will value the product and be willing to pay more for it.

Which of the Following Is an Example of a Demographic