What Was One Important Legacy of the Declaration of Independence

question 22

Multiple Choice

What was one important legacy of the Declaration of Independence?

• A) It immediately resulted in Great Britain granting independence to its colonies.
• B) Spain welcomed the document, printing multiple copies for its citizens.
• C) It inspired future revolutions against despotic governments.
• D) It led to an immediate alliance with France.

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Definitions:

Price Sensitive

The degree to which the demand for a product changes in response to changes in its price.

Differential Pricing

A pricing strategy in which a company sets different prices for the same product or service based on certain criteria such as customer segment, quantity purchased, or location.

Wasted Capacity

Resources or production capabilities that are underutilized or not used to their full potential, leading to inefficiencies.

Overbooking

A strategy used in various industries where more reservations or orders are accepted than can be accommodated, based on expected cancellations or no-shows.