To Deal with Inflation and Recession,channel Managers Should Do All

question 41

Multiple Choice

To deal with inflation and recession,channel managers should do all of the following except:

• A) Take responsibility for helping intermediaries weather the situation.
• B) Have contingency plans prepared to implement when economic conditions warrant.
• C) Increase spending on advertising.
• D) Use special trade promotions.
• E) Increase production and inventory.

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Definitions:

Minimum Wages

The lowest legal wage that can be paid to workers, set by government laws to protect employees from unduly low pay.

Structural Unemployment

A type of unemployment that results from a mismatch between the skills that workers offer and the skills demanded by employers.

Surplus of Labor

A situation in which the supply of labor exceeds the demand for labor, often resulting in unemployment or underemployment.

Minimum-Wage Law

Legislation that sets the lowest hourly wage rate that an employer can legally pay its workers, intended to protect workers from exploitation.