Some Sales Managers Are Talking Shop

question 50

Multiple Choice

Some sales managers are talking shop. Which of the following quotations refers to a movement along the demand curve?

• A) "Since our competitors raised their prices our sales have doubled."
• B) "It has been an unusually mild winter; our sales of wool scarves are down from last year."
• C) "We decided to cut our prices, and the increase in our sales has been remarkable."
• D) none of the above

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Definitions:

Undue Stress

Excessive pressure or tension that can potentially lead to negative health or psychological effects.

Days' Sales

A financial ratio that indicates the average time in days that a company takes to turn its inventory into sales.

Inventory

The raw materials, work-in-progress goods, and completely finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

Source Of Cash

Refers to the origins of funds for a business or individual, such as operations, financing activities, or investment returns.