Which of the Following Was Not a Factor in the Price

question 32

Multiple Choice

Which of the following was not a factor in the price revolutions of the sixteenth century?

• A) Philip II declaring bankruptcy
• B) overpopulation
• C) inflation
• D) an increase in land prices
• E) an increase in demand for wages.

---

Definitions:

Acknowledging

The act of recognizing or admitting the existence or truth of something.

Postponing

The strategy of delaying production or customization of a product until customer preferences or requirements are known.

Personal Selling

A direct form of selling where salespersons interact face-to-face with customers to explain or demonstrate the benefits of their product or service.

Standardized Good

A product that is uniform in quality and specifications across all units and is often mass-produced.