Some Sales Managers Are Talking Shop

question 50

Multiple Choice

Some sales managers are talking shop. Which of the following quotations refers to a movement along the demand curve?

• A) "Since our competitors raised their prices our sales have doubled."
• B) "It has been an unusually mild winter; our sales of wool scarves are down from last year."
• C) "We decided to cut our prices, and the increase in our sales has been remarkable."
• D) none of the above

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Definitions:

Differentiation

Differentiation is a strategy or process in which a business distinguishes its product or service from that of its competitors, typically through quality, design, or features.

Division of Labour

The process of splitting work into distinct tasks, each performed by different workers or groups of workers, to improve efficiency.

Integration

implies the process of combining or incorporating parts into a whole, often to achieve a more unified or harmonious outcome.

Functional Departmentation

The process of grouping activities into departments based on similar functions or expertise, such as marketing or finance, within an organization.