In Industries in Which Price Changes Occur Frequently, Demand Fluctuations

question 37

True/False

In industries in which price changes occur frequently, demand fluctuations have practically been eliminated since buyers have become used to these changes and have learned to ignore them.

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Definitions:

Cash Budget

A forecast of cash inflows and outflows over a certain period, used to manage the company's cash balance and ensure liquidity.

Sales Clerk

An employee who handles the exchange of goods for payment, typically in a retail setting, assisting customers in finding products and completing purchases.

Daily Sales

The total revenue generated from goods or services sold by a company during a single day.

Static Budget

A fixed budget that does not change with actual activity levels, designed for planning purposes.