Small Changes in Consumer Demand Can Lead to Considerable Shifts

question 33

Multiple Choice

Small changes in consumer demand can lead to considerable shifts in business product demand and are referred to as the ________.

• A) transactional effect
• B) transverse effect
• C) degree of affiliation
• D) acceleration effect
• E) multi-attribute model

---

Definitions:

Management

The process of administering and coordinating resources efficiently and effectively in achieving predetermined objectives.

Venture Capital Investors

Individuals or firms that provide funding to start-up companies or small businesses with high growth potential in exchange for equity stakes.

Corporations

Legal entities that are separate from their owners, formed to conduct business, can own assets, incur liabilities, and enter into contracts.

Investigation

The systematic examination or research conducted to discover or examine facts or truths, often in a specific area or matter.