If All Firms Expect Greater Demand for Their Products or Services

question 75

Multiple Choice

If all firms expect greater demand for their products or services, they will hire more resources.What will the economy experience in this case?  

• A) recession 
• B) growth 
• C) federal budget deficits 
• D) stagnation

Acknowledge the role and principles of the UN Global Compact in promoting ethical standards globally.

Understand the significance of assessing benefits and costs, and who will be affected by decisions.

Recognize the dynamic and complex nature of ethical principles and rights.

Appreciate the leadership role in fostering an ethical culture within organizations.

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Definitions:

High-low Pricing

A retail strategy where items are initially offered at high prices but later discounted to stimulate sales.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices during a specified period of time.

Range of Sale Price

The difference between the highest and lowest selling price of a product in a marketplace over a defined period.

Gasoline Purchases

Transactions involving the buying of gasoline, typically for vehicles, reflecting consumer demand and market prices.