Answer:
The correct answer is the option C: there are many substitute goods available for a product, and they have a long time horizon to adjust their consumption.
Explanation:
To begin with, the concept known as <em>''price-responsive'' </em>in the marketing field and in the business world refers to the ability by the consumers to adjust their consumption behavior regarding the prices that are being charged by the company in order to control the use of the good itself and therefore to avoid paying high prices. Moreover, it is understood that in this theory scheme the consumers are adaptative to the services price changes that the company tends to do.
Answer: Reading the fine print: the producer would always make available fine print on their products which distinguishes them from other's, the consumer is expected to take note of that.
Explanation:
Fraudulent practise are being on the increase in business now, as many want to imitate firms and make gains out of their products. The following are what consumers can look out for to help them against this fraudulent practise.
1) Do not call list; the producer would make available how they can be reached and would want the consumer to reach them by such ways.
2) Reading the fine print: the producer would always make available fine print on their products which distinguishes them from other's, the consumer is expected to take note of that.
3) Terms and conditions: although this can be imitated but the producer has a unique way they would do theirs which the consumer should be aware of.
4) Personal information disclosures: when considering services, there will be need for releasing personal information, the customer should verify who they release information to.
In the <u>Resource Allocation</u> stage of selecting information technology projects, organizations select information technology projects.
Explanation:
The first step of a planning process to align the information technology strategic plan to the organization's overall strategic plan
The<u> project planning stage</u> refers to that stage of project planning which involves , selecting information technology projects, organizations and defining the scope of the project , benefits, and constraints of the same
The <u>business area analysis</u> stage of information technology planning outlines business processes that are central/important in achieving strategic goals and helps determine which ones could most benefit from information technology.
So,it is in the <u>Resource Allocation</u> stage of selecting information technology projects, organizations select information technology projects.
