Which of the Following Is the Most Effective Technique Used

question 45

Multiple Choice

Which of the following is the most effective technique used by retailers to combat lost sales from price check apps used by customers shopping in brick and mortar stores?

• A) offering mobile applications to check other websites
• B) developing in-store demonstration kiosks for big-ticket items
• C) arming salespeople with smartphones so they search inventories and place orders online
• D) advertising on Flickr and YouTube
• E) using FourSquare to build customer patronage

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Definitions:

Capital Input

The amount of capital goods used in the production process, influencing the output.

Competitive Firms

Companies that operate in a market where there are many buyers and sellers, and they have no control over the market price of their product.

Marginal Product

The additional output generated by adding one more unit of a specific input, holding all other inputs constant.

Profit-maximizing

A strategy or approach aimed at achieving the highest possible profit from business operations, often through cost management and optimal pricing.