A Key Factor Underlying the Instability of Primary Product Prices

question 3

Multiple Choice

A key factor underlying the instability of primary product prices and export receipts of developing nations is the

• A) Low price elasticity of the demand of primary products
• B) High price elasticity of supply of primary products
• C) High price elasticity of demand of primary products
• D) None of the above

Recognize the impact of digital tools and market conditions on pricing decisions.

Describe the regulatory and ethical considerations in pricing.

Identify the tactics used for competitive pricing and market positioning.

Explain the role of price elasticity in decision-making processes.

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Definitions:

Planned Change Process

A deliberately structured approach to transition individuals, teams, or organizations from a current state to a desired future state.

Unfreezing

The initial phase of change where previous behaviors, norms, or attitudes are questioned and destabilized to facilitate change.

Changing

The phase of Lewin’s planned change process where a planned change actually takes place.

Improvising

The act of spontaneously creating or performing something without prior planning, often in response to unforeseen circumstances.