Some Sales Managers Are Talking Shop

question 1

Multiple Choice

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

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

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Definitions:

Discovery

Pre-trial disclosure of information, consisting of discovery of documents and examination for discovery.

Judgment Creditor

The person to whom a court awards damages or costs.

Garnishee Order

A legal order issued by a court that requires a third party to withhold the assets of a debtor, typically used to secure payment of a debt or judgment.

Writ of Execution

A court order that enables the enforcement of judgments, typically by seizing and selling the debtor's property.