Refer to the Scenario Below to Answer the Following Questions

question 34

Multiple Choice

Refer to the scenario below to answer the following questions.
Pensonic Manufacturing produces small kitchen appliances-blenders, hand mixers, and electric skillets. Pensonic attempts to target newlyweds and first-time home buyers with this brand, under a market share leadership strategy.
In considering that most young households have limited financial resources, Pensonic has attempted to engage in target costing. "In doing this," Pensonic's manager Abdul Razak stated, "we have better control over keeping price right in line with customers."
Pensonic manufactures a three-speed blender, its top seller, and a five-speed blender. The hand mixers are manufactured in two styles-a small hand-held mixer with two rotating beaters and a similar style that comes with an optional stand and attached mixing bowl. Alden's temperature-controlled skillets are manufactured in one style with three color options.
"Our product offerings are narrower," Abdul Razak added, "but our line workers know each product like the back of their hands. This allows us to produce superior products while holding our prices low."
-If Abdul raises the price on the handheld mixer by 2 percent and quantity demanded falls by 10 percent,what is the price elasticity of demand?

• A) -5
• B) -8
• C) -12
• D) 5
• E) 12

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Definitions:

Secondary Boycotts

Secondary boycotts are actions where a group refuses to work for or do business with a company as a means of protest or to force some change, often in labor disputes.

National Labor Relations Act

a foundational statute of US labor law that protects the rights of employees to organize, bargain collectively, and engage in concerted activities for mutual aid or protection.

Disruptive Picketing

The act of protesting in a manner that seriously interferes with a business's operations or obstructs access to premises.

Unprotected Behavior

Actions or activities that lack security measures or precautions, potentially leading to harm or adverse outcomes.