<span>Products that customers consider essentials or necessities tend to have less elasticity than products viewed as luxury or discretionary. If a customer believes he needs a certain product for survival, quality of life, or pleasure, he is more likely to stretch a bit to purchase the item if the price goes up. On the contrary, a product viewed as optional is a less likely purchase as the price increases because the customer believes he can live without it.Customer OptionsThe more options a customer has to meet a particular functional or emotional need, the more elastic a product's demand. This is why a company with a monopoly has a huge advantage. Customers don't have options and feel compelled to buy from the given provider. In highly competitive industries, price differentials are usually less among competing brands because of the ability customers have to select lower-priced alternatives. A closely related factor is the cost of switching brands. Cell phone customers often wait to change providers to avoid penalties if they are obligated to service contracts.
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Answer:
Expectancy
Explanation:
The current view of why classical conditioning works the way it does, advanced by Rescorla and others, adds the concept of Expectancy to conditioning theory.
The Dog used as the experiment was also known to be expectant of the food being available at that point in time when the bell was rung. This explains the addition of the expectancy theory to the conditioning theory
Answer:
Digital
Explanation:
I'm a music producer, and as much as analog has been traditionally loved, digital recording has been the cheapest and efficient option to get the job done. Though analog devices are still being used, it's mostly used by enthusiasts that like the physical feel of using these devices.
answer:
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The Han dynasty. Hoped this helped you:)
