All of the Following Are Strategies to Make the Demand

question 115

Multiple Choice

All of the following are strategies to make the demand for a good or service more inelastic EXCEPT:

• A) reduce consumer awareness
• B) cultivate selected demand
• C) change the package design
• D) make strong promotional claims and avoid discounting
• E) heighten buyer dependence

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Definitions:

Resource Acquisition

The process of identifying, securing, and managing the assets and inputs required for business operations and growth.

Venture Philanthropy

A form of philanthropy that applies venture capital principles like investing in innovation, performance measurement, and operational support to achieve social impact.

Value-Added Funding

Investment that not only provides capital but also adds value through strategic advice, industry connections, or management expertise.

Social Purpose Ventures

Business activities designed primarily to achieve social goals, with profit often seen as a means to sustain the mission rather than an end in itself.