If a Good Is a Necessity,it Has ________ Substitutes and Its

question 76

Multiple Choice

If a good is a necessity,it has ________ substitutes and its demand is ________.

• A) poor; elastic
• B) poor; inelastic
• C) many; elastic
• D) many; inelastic
• E) many; precisely unit elastic

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Definitions:

Cross Functional

Involving or encouraging cooperation among various departments or disciplines within an organization.

Retail Event Collaboration

Coordination between retailers and other partners to organize promotional or special events aimed at boosting sales and customer engagement.

Store Replenishment

The process of moving goods from a warehouse or distribution center to the retail shelves to maintain stock levels.

Retail Event

Special occasions organized by retailers, such as sales or promotions, aimed at increasing customer traffic and sales.