Which of the Following Is Not a Determinant of Price

question 157

Multiple Choice

Which of the following is not a determinant of price elasticity of demand?

• A) Scope of the market
• B) Availability of complements
• C) Cost relative to income
• D) Adjustment time

---

Definitions:

Receivable Turnover

A financial metric that measures the efficiency of a company in extending credit and collecting debts, calculated as sales divided by the average accounts receivable.

Inventory Turnover

An indicator of the number of times a firm's inventory turnover occurs during a certain period, demonstrating the effectiveness of its inventory control practices.

Operating Cycle

The duration between the initial investment in production and the generation of cash from the sale of the goods produced.

Total Asset Turnover

An efficiency metric indicating how well a company leverages its assets to generate revenue from sales.