Suppose Aiyanna's Pizzeria Currently Faces a Linear Demand Curve and Is

question 346

Multiple Choice

Suppose Aiyanna's Pizzeria currently faces a linear demand curve and is charging a very high price per pizza and doing very little business. Aiyanna now decides to lower pizza prices by 5 percent per week for an indefinite period of time. We can expect that each successive week,

• A)demand will become more price elastic.
• B)price elasticity of demand will not change as price is lowered.
• C)demand will become less price elastic.
• D)the elasticity of supply will increase.

Identify the challenges and opportunities digital media presents for businesses.

Understand the role of the internet and digital media in expanding market reach and connectivity.

Recognize the importance of consumer feedback in digital marketing strategies.

Understand the aspects of digital communication that enhance customer engagement and information regulation.

---

Definitions:

Prospect Aversion

The tendency of potential customers to avoid engaging with sales efforts or communications, often due to perceived pressure or disinterest in the product.

Prospecting Methods

Refers to various techniques used by salespersons to identify and develop new customers or leads.

Optimal Prospecting

The process of identifying and engaging with potential leads or customers in the most efficient and effective manner, maximizing the likelihood of successful sales outcomes.

Call Reluctance

The hesitation or resistance a salesperson may feel towards making outbound sales calls or contacts.