If a Firm Drops Its Price to Attract Customers and Gain

question 1

Multiple Choice

If a firm drops its price to attract customers and gain a greater market share:

• A)net profit margin will increase
• B)net profit margin will decrease
• C)gross profit margin will increase
• D)gross profit margin will decrease

---

Definitions:

Cultural Heritage

The legacy of physical artifacts and intangible attributes of a group or society inherited from past generations, preserved for future generations.

Ethnic Group Affiliation

A person's connection by birth or culture to a group of people who share common ancestry, language, customs, and traditions.

Greektown

A neighborhood or area within a city known for its significant Greek population, culture, and businesses.

Disinhibitory Effect

Displaying a previously suppressed behavior because a model does so without receiving punishment.