The Change in Total Revenue That Results from Selling One

question 111

True/False

The change in total revenue that results from selling one additional product unit is referred to as price sensitivity.

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Definitions:

Specified

Clearly stated or identified.

Implied

Something suggested or understood without being directly expressed.

Traveler's Check

A preprinted, fixed-amount check designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer for this privilege.

Payable On Demand

A term indicating that a payment is to be made immediately or whenever requested by the entitled party.