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

Name: The price sensitivity of consumers can be studied using standard costing.
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Quizplus · Accepted Answer

Standard costing is a method used to determine the cost of producing a product or service, and it does not directly relate to the price sensitivity of consumers. Price elasticity studies, consumer surveys, and market research are more appropriate methods for studying price sensitivity.

The Price Sensitivity of Consumers Can Be Studied Using Standard