What Made It Easier for More Americans to Purchase Automobiles

question 3

Multiple Choice

What made it easier for more Americans to purchase automobiles during the 1920s?

• A) lower production costs and easy credit
• B) the rapid growth of cities and suburbs
• C) the expansion of wartime industries into automobile production
• D) greater automobile worker productivity due to strong union benefits

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Definitions:

Retailers

Businesses that sell goods or services directly to end consumers for personal or household use.

Discounts

A reduction applied to the normal selling price of goods or services, offered to stimulate sales or attract customers.

Marketing Pricing Strategy

The approach a business takes in setting the price for its products or services to achieve specific marketing objectives.

Predatory Pricing

A strategy where a company sets extremely low prices with the intent to eliminate competition or deter new entrants to the market.