Procter & Gamble Dropped the Price of Pringles Potato Chips

question 84

Multiple Choice

Procter & Gamble dropped the price of Pringles Potato Chips due to price competition and consumer demand.As a result of the price reduction,why did Procter & Gamble experience increased unit sales and earnings by 10 percent?

• A)price wars with other snack food makers
• B)elasticity of demand
• C)price demand determinants
• D)market share fluctuations

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Definitions:

Disposition-based

Pertains to characteristics or tendencies inherent in an individual that influence behavior or attitudes.

Trust

The firm belief in the reliability, truth, ability, or strength of someone or something, often seen as foundational in relationships and organizations.

Chain of Command

A system in organizations where authority and commands flow downward from the top through a series of executive positions or military ranks where each person is responsible to a superior.

Affect-based

Relating to, arising from, or influencing emotions or feelings.