The Law of Demand Is Based on the Observation That

question 433

Multiple Choice

The law of demand is based on the observation that

• A)people buy less of a product when the product becomes less fashionable.
• B)people buy more of a product when the price falls.
• C)people are indifferent to price changes.
• D)stores go out of business if they lower prices.

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Definitions:

Professional Salesperson

An individual who specializes in selling products or services to customers in a knowledgeable and ethical manner.

Beliefs And Morals

Fundamental principles or convictions that individuals hold, which guide their behavior and decision-making.

High Pressure Techniques

Sales strategies that aggressively push potential customers towards making a purchase decision quickly, often making them feel uncomfortable.

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