GI Designs,a Copper Furniture Manufacturer,increased the Price on Its Copper

question 268

Multiple Choice

GI Designs,a copper furniture manufacturer,increased the price on its copper tabletops by 20 percent for three months to see what the effect would be on its sales.The change in sales is the ________ in this three-month experiment.

• A)constraint
• B)dependent variable
• C)decision task
• D)control
• E)independent variable

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Definitions:

Seller Transfers

The act of a seller handing over the rights, responsibilities, and ownership of products or property to the buyer.

Merchant

An individual or company engaged in the business of selling goods or services in the marketplace.

Ordinary Course of Business

Regular and routine operations of a company, including transactions and activities that are normal for the business.

Acceptance Effective

The point in time when an agreement to the terms of an offer is communicated by the offeree to the offeror, resulting in a legally binding contract.