A Price-Off Program

question 178

Multiple Choice

A price-off program:

• A)is effective for individuals that have a high degree of brand loyalty to a competing brand.
• B)has little impact on sales.
• C)usually boosts sales, but it can hurt profits.
• D)decreases price sensitivity over time.

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Definitions:

Collar

A strategy in finance used to limit the range of possible returns on an investment, often by buying and selling options.

Ergonomics

The study and design of work environments to maximize safety, comfort, and efficiency for human use.

Automation

The use of technology and machinery to perform tasks without human intervention, often leading to increased efficiency and production.

Economic Studies

The systematic examination of how societies allocate scarce resources to produce goods and services and distribute them among different individuals and groups.