Promotion Can Help Keep Prices Lower Because

question 174

Multiple Choice

Promotion can help keep prices lower because

• A) demand for the product does not increase.
• B) promotion of prices intensifies price competition.
• C) promotion of prices leads to nonprice competition.
• D) promotion tends to reduce consumers' price sensitivity.
• E) promotion tends to stabilize a product's price elasticity of demand.

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Definitions:

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An officially concluded and ratified agreement between two or more sovereign states.

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A body of law developed from custom or judicial decisions in English and U.S. courts, and not by a legislature.

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Rulings made by courts interpreting laws, which can establish legal precedents and influence future legal cases.