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Author Question: Products that are higher priced, complicated to use, or require demonstration are heavily dependent ... (Read 88 times)

TVarnum

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on: Jun 29, 2018
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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

T

Answer to Question 2

C


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