Author Question: Products that are higher priced, complicated to use, or require demonstration are heavily dependent ... (Read 85 times)

TVarnum

  • Hero Member
  • *****
  • Posts: 548
Products that are higher priced, complicated to use, or require demonstration are heavily dependent on personal selling in order to close the deal.
 
 Indicate whether the statement is true or false

Question 2

Inelastic demand simply means that
 A) buyers will not make a modified rebuy purchase.
  B) demand depends on how many items are purchased.
  C) a price increase or decrease will not significantly change the demand for an item.
  D) when price goes up, demand goes down.
  E) when supply is reduced, the price will increase.



mochi09

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

T

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

For a complete list of videos, visit our video library