Suppose a Curve Shows That Every Time Family Income Increases

question 79

Multiple Choice

Suppose a curve shows that every time family income increases by $1, spending increases by $.80. If family income increases by $100, then spending will increase by

• A)$8.
• B)$20.
• C)$80.
• D)$800.
• E)$200.

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Definitions:

Distributor's Salespeople

Personnel employed by a distributor who are responsible for promoting and selling the distributor's products to retailers or end customers.

Garment Machinery

Equipment and tools used in the production and manufacturing of clothing.

Customer Relationship Process

The sequence of actions taken by a company to develop and maintain positive relationships with its customers.

Gaining Commitment

Gaining commitment refers to the process of securing an agreement or decision from a customer or client to move forward with a purchase or action.