According to Lane 1987,the Difference Between Initial Credibility and Elicited

question 65

Multiple Choice

According to Lane 1987,the difference between initial credibility and elicited credibility is that

• A)initial credibility is in the first part of the presentation,elicited is the end part
• B)initial is based on reputation,elicited on the evaluation of current performance by the audience
• C)the audience elicits credibility,but the speaker builds initial credibility
• D)initial credibility refers to past audiences,elicited credibility to current audiences

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Definitions:

Erode Producer Profits

The process by which factors such as increased competition or higher costs reduce the profits that producers can make.

Producer Surplus

The additional revenue producers earn by selling a product at a market price above their minimum acceptable price.

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy.

Low Supplier Power

Refers to a market condition where suppliers have limited control over the price and terms of products and services due to high competition or low demand.