If Consumer Purchases of a Good Are Not Very Sensitive

question 194

Multiple Choice

If consumer purchases of a good are not very sensitive to the price of the good, economists say the demand for the good is relatively

• A) inelastic.
• B) elastic.
• C) robust.
• D) inverse.

---

Definitions:

Net Operating Income

The profit a company makes from its operations, exclusive of taxes and interest, reflecting its core business performance.

Marketing Manager

A professional responsible for overseeing and implementing strategies to promote and sell products or services, including market research and advertising.

Advertising Budget

The amount of money allocated for promoting products or services through various advertising channels within a specific time period.

Sales Commissions

Payments made to salespersons, often calculated as a percentage of the sales they generate.