Author Question: Products that are higher priced, complicated to use, or require demonstration are heavily dependent ... (Read 82 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?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

For a complete list of videos, visit our video library