If Business Inventories Decrease Below Desired Levels,then It Is Likely

question 33

Multiple Choice

If business inventories decrease below desired levels,then it is likely that a

• A)Higher level of unemployment will result.
• B)Lower level of output will occur.
• C)Higher price level will occur.
• D)Recessionary gap will occur.

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Definitions:

Share Of Wallet

The proportion of a customer's total spending that is captured by a business, indicating the customer's loyalty and the effectiveness of the company's marketing.

Customer Loyalty

The likelihood of previous customers to continue purchasing from a specific retailer or brand over time.

Purchases

The act of buying goods or services, an exchange of money for ownership or use.

Private-label Brands

Brands that are owned by retailers or suppliers, not the manufacturers, but are produced by third parties.