Concha Y Toro,a Chilean Wine,has Reduced the Price of One

question 61

Multiple Choice

Concha y Toro,a Chilean wine,has reduced the price of one bottle from $10 to $8.It previously sold 420 bottles in the month prior to the price reduction,and it now sells 525 bottles per month.What is it experiencing?

• A)consumer elasticity
• B)inelastic demand
• C)elastic demand
• D)unitary elasticity

Understand the role of efficiency and planning in the development of modern management practices.

Grasp the significance of communication and cooperation in the context of workplace management philosophies.

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Apps Culture

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Integrated management software systems used by organizations to manage day-to-day business activities such as accounting, procurement, project management, and supply chain operations.

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