The American Girl catalogue began as a concept to introduce today's girls to girls who lived in the past.Each historically accurate doll is carefully crafted and dressed and has books to describe her life.For example,Kristen is an 1854 pioneer girl who is growing up in Minnesota.Her story begins with her long sea voyage from Sweden.The basic doll dressed in a calico dress and striped apron plus the hardcover story of how she got to Minnesota costs $90.Six more hardback books of Kristen's life are available for $74.95.Kristen's nightgown costs $20,and a matching one for the doll owner is an additional $38.Buy both together and the price is only $50.A hand-painted wooden bed and trunk for Kristen are available for $213.Shipping costs vary with the price of the merchandise ordered.
-Refer to American Girl Doll.Which of the following factors is most likely to affect the elasticity of demand for the doll?
A) the absence of substitutes
B) the existence of complementary products
C) the price relative to purchasing power
D) product durability
Correct Answer:
Verified
Q4: When pricing goals are mainly sales-oriented,cost considerations
Q6: Price is defined as the perceived value
Q6: A marketer using a profit maximization strategy
Q7: Profit maximization is the most common pricing
Q18: Price equilibrium is the price at which
Q123: The American Girl catalogue began as a
Q124: The American Girl catalogue began as a
Q125: The American Girl catalogue began as a
Q128: Maximization of sales should never be a
Q130: The American Girl catalogue began as a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents