What Is the Overall Effect When a Good or Service

question 113

Multiple Choice

What is the overall effect when a good or service is priced higher than competitors?

• A) There will be an implication of higher quality standards.
• B) There will be greater demand for the product.
• C) Sales will start slow, but increase over time.
• D) There will be a larger market size, but smaller profit.
• E) There will be a smaller market and smaller profit.