Which of the Following Statements Is Not True

question 189

Multiple Choice

Which of the following statements is not true?

• A) Price elasticity of demand for basic foods is low.
• B) When price elasticity of demand is very high, we say there is brand loyalty.
• C) The availability and price of substitutes affect the elasticity of demand for a good or service.
• D) When goods have very low prices, the elasticity of demand is usually quite low.
• E) Elasticities increase as the price of the good increases.

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Definitions:

Territory Management

The process of planning, organizing, and controlling sales in a specified geographic area to maximize profitability and efficiency.

Strategic Management

A comprehensive approach to planning, monitoring, analysis, and assessment of all that is necessary for an organization to meet its goals and objectives.

Successful Salesperson

An individual who consistently meets or exceeds sales targets through effective communication, persuasion, and understanding of customer needs.

Sales Success

Achievement of desired sales outcomes, often measured by hitting targets or generating significant revenue.