A Decrease in Natural Resources Will ____

question 52

Multiple Choice

A decrease in natural resources will ____.

• A) increase the carrying capacity
• B) stimulate an increase in reproductive rate
• C) cause a reduction in habitat area
• D) decrease the carrying capacity
• E) eliminate the population

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Definitions:

Fixed Costs

Expenses that do not change with the volume of production or sales, such as rent, salaries, and insurance premiums.

Competitive Pricing

Strategy that tries to reduce the emphasis on price competition by matching other companies’ prices and concentrating their own marketing efforts on the product, distribution, and promotional elements of the marketing mix.

Skimming Pricing

A pricing strategy that involves setting high prices initially and then gradually lowering them over time.

Penetration Pricing

A pricing strategy where a product is introduced to the market at a very low price to attract customers rapidly.