Figure 5-5 -Refer to Figure 5-5.What Would Lowering Price from $30 to Price

question 132

Multiple Choice

Figure 5-5

-Refer to Figure 5-5.What would lowering price from $30 to $20 do

• A)It would increase total revenue by $2000.
• B)It would decrease total revenue by $2000.
• C)It would increase total revenue by $1000.
• D)It would decrease total revenue by $1000.

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Definitions:

Economic

Relating to the production, distribution, and consumption of goods and services, and the management of wealth within a society.

Social

Pertaining to society or its organization; relating to human society and how individuals interact and live together in communities.

Codes Of Ethics

A set of principles and rules designed to guide the behavior and decision-making of members within an organization or profession.

Organizational Citizenship

The voluntary behaviors employees display beyond their normal job duties, which contribute to the organization's effectiveness.