The price sensitivity of consumers can be studied using standard costing.

Name: The price sensitivity of consumers can be studied using standard costing.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The price sensitivity of consumers is usually studied through methods such as surveys, experiments, and analysis of market data. Standard costing is a method used by companies to determine the cost of producing a product or service and is not directly related to studying consumer price sensitivity.

The Price Sensitivity of Consumers Can Be Studied Using Standard