When the Manager of a RadioShack Electronics Store Decides to Accept

question 222

Multiple Choice

When the manager of a RadioShack electronics store decides to accept American Express credit cards from its customers, this is a decision about:

• A) Product.
• B) Place.
• C) Promotion.
• D) Price.

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Definitions:

Supply Curve

represents the relationship between the price of a good or service and the quantity of it that suppliers are willing to produce and sell at that price.

Quantity Demanded

The amount of a product that consumers are willing and able to purchase at a given price within a specific time period.

Demand

The quantity of a good or service that consumers are willing and able to purchase at a given price.

Increase

A rise in the quantity, size, number, or degree of something.