Some Sales Managers Are Talking Shop

question 29

Multiple Choice

Some sales managers are talking shop.Which one of the following quotations refers to a rightward shift of the demand curve?

• A)"Since our competitors raised their prices, our sales have doubled."
• B)"It has been an unusually harsh winter;our sales of wool scarves are up from last year."
• C)"We decided to cut our prices, and the increase in our sales has been remarkable."
• D)"The Green movement has sparked an increase in our sales of biodegradable products."
• E)All of the above except C.

Recognize the importance of convenient store locations and the concept of "location, location, location" in retail success.

Understand the value creation through personalized offerings and customer service improvements.

Appreciate the significance of providing a seamless customer experience across different shopping channels.

Understand the target customers and value propositions of extreme-value and convenience retailers.

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Definitions:

Table

A piece of furniture with a flat top and one or more legs, providing a level surface on which objects can be placed, or in the context of data, a structured arrangement of information organized in rows and columns.

Texture Gradients

Visual cues to depth and distance that involve changes in texture as an object extends into the distance.

Linear Perspective

A technique in art and photography that creates the illusion of depth and distance on a flat surface, using converging lines and a vanishing point.

Visual Cortex

The part of the cerebral cortex that processes visual information, located in the occipital lobe of the brain.