During Recessionary Periods, How Is It Still Possible for a Business

question 48

Multiple Choice

During recessionary periods, how is it still possible for a business to compete?

• A) by reducing promotional outlays to save money
• B) by raising prices to improve company and product image
• C) by curtailing customer service because people will accept such cuts
• D) by offering value-priced products to appeal to cost-conscious buyers

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Definitions:

Illness

A state of being in poor health due to disease, injury, or other physical or mental conditions affecting the body or mind.

Control of Event

The extent to which an individual believes they have power over occurrences in their life, which can impact behavior and psychological state.

Cognitive Impairment

A reduction in cognitive abilities (such as memory, decision-making, or attention) that can result from neurological conditions, brain injury, or mental health disorders.

Verbal Fluency

The ability to produce a steady flow of words easily and articulately, often tested as a measure of brain function.