Some Sales Managers Are Talking Shop

question 24

Multiple Choice

Some sales managers are talking shop.Which one of the following quotations refers to a leftward shift of the demand curve?

• A)"Since our competitors raised their prices, our sales have doubled."
• B)"It has been an unusually mild winter;our sales of wool scarves are down from last year."
• C)"We decided to cut our prices, and the increase in our sales has been remarkable."
• D)"The Green movement has sparked an increase in our sales of biodegradable products."
• E)None of the above.

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Definitions:

Revoke Acceptance

The right of a party to reject goods or services previously accepted, typically due to the discovery of defects or the nonconformity of the goods or services with contractual terms.

Nonconforming Goods

Products that fail to meet the quality, design specifications, or performance standards as outlined in a purchase contract.

Difficulty of Discovering

Refers to the challenges inherent in uncovering or identifying certain facts or truths, often used in legal contexts regarding the complexity of uncovering evidence.

Acceptance of Goods

The act by which a buyer indicates their agreement that the goods received from the seller conform to the contract specifications.