B54) All of these are true about country image EXCEPT that ________.
B55) A product's income elasticity is determined in which of these steps of the market/site screening process?
A56) A typical industry analysis includes each of the following EXCEPT ________.
D57) The sensitivity of demand for a product relative to changes in income is called ________.A) income elasticityB) product elasticityC) the relativity principleD) the market intensityAnswer:
A58) A coefficient of ________ conveys an income-elastic product.
B59) If the income-elasticity coefficient for coffee is 0.5, the demand for coffee will ________.