Demand Pull Inflation Occurs When

question 123

Multiple Choice

Demand pull inflation occurs when:

• A)the price of a key input increases suddenly.
• B)the price level changes in response to changes in the business cycle.
• C)the price of necessity goods increases suddenly.
• D)the business cycle becomes sporadic and unpredictable.

---

Definitions:

Market-Entry Strategy

The planned method of delivering goods or services to a new target market and establishing a presence there.

Product Element

The specific components or features of a product that contribute to its ability to meet customer needs, including quality, design, brand, and functionality.

Marketing Mix

The set of controllable marketing tools - product, price, place, and promotion - that a company uses to produce the response it wants in the target market.

Market Share

The portion of a market controlled by a particular company or product, often expressed as a percentage of total sales.