Question
What two conditions would make a customer more price sensitive? (Check all that apply.)
Multiple select question.
When they are loyal to a specific brand
When there is an opportunity to make price comparisons
When there are available substitutes
When there are no competitor products
Multiple select question.
When they are loyal to a specific brand
When there is an opportunity to make price comparisons
When there are available substitutes
When there are no competitor products
Answers
GPT-4o mini
The two conditions that would make a customer more price sensitive are:
- When there is an opportunity to make price comparisons
- When there are available substitutes
Customers are generally more price sensitive when they can easily compare prices and when they have alternative options that they can choose from if the price of a product rises.
- When there is an opportunity to make price comparisons
- When there are available substitutes
Customers are generally more price sensitive when they can easily compare prices and when they have alternative options that they can choose from if the price of a product rises.