Examlex

Solved

Which of the Following Is NOT a Desirable Quality for a Brand

question 80

Multiple Choice

Which of the following is NOT a desirable quality for a brand name?


Definitions:

Price-Inelastic

Describes a situation where the demand for a product does not change significantly with a change in the product's price.

Coefficient

A constant or numerical value that precedes and multiplies a variable within an algebraic expression.

Perfectly Inelastic

A situation where demand or supply does not change in response to changes in price.

Supply

The total amount of a specific good or service that is available to consumers at a given price point and time.

Related Questions