Which of the Following Is True of Price Changes

question 125

Multiple Choice

Which of the following is true of price changes?

• A) Over-demand leads to companies initiating price cuts.
• B) Changes in price do not affect a brand's image.
• C) Customer reaction to price changes is not as important as competitor reaction.
• D) A drop in price can adversely affect how consumers view the brand.
• E) Excess capacity is a factor that causes increases in price.

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Definitions:

Brazil

A country in South America known for its diverse culture, Amazon rainforest, and vibrant cities.

Communication Touch

Points of interaction or contact where communication occurs between individuals or groups within an organization.

Arabs

Ethnic group primarily living in the Arab world, characterized by shared linguistic, cultural, and sometimes religious traits.

Canadians

Citizens of Canada or individuals who reside in Canada, known for their diverse cultural backgrounds.