Multiple Choice
A publisher needed one of its best-selling authors to fly from his home in Richmond, Virginia to Chicago, Illinois in order to start a publicity campaign for the author's new book. The author could have taken a flight to Detroit, Michigan, changed planes, and then flew on to Chicago for about half the price of a non-stop flight from Richmond to Chicago. However, he chose the non-stop flight. He became less price sensitive because of:
A) The availability of substitutes.
B) The fact that someone else was paying the bill.
C) The significance of the end benefit.
D) The size of the total expenditure.
E) The sunken investment he had made.
Correct Answer:

Verified
Correct Answer:
Verified
Q126: An automobile manufacturer charges a higher price
Q127: In marginal analysis, the most profitable price
Q128: A regional manager for a chain of
Q129: Marginal analysis<br>A) assumes that the firm's total
Q130: Randy Todd, marketing manager for Sporting Products,
Q132: If the price per unit is $1.00
Q133: The sole objective of leader pricing is
Q134: All customers have the same reference price
Q135: _ means offering a specific price for
Q136: According to the text, the two basic