What Is the Main Factor That Has Led to the Fact

question 93

Multiple Choice

What is the main factor that has led to the fact that consumers may not necessarily view lower priced products as lower priced?

• A)intense competition has led to lower costs
• B)lower costs has led to intense competition
• C)less competition has led to higher prices.
• D)less competition has led to lower prices.

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Definitions:

Fixed Exchange Rate

A government policy to maintain the value of its currency at a set rate against another currency or a basket of currencies.

Covariance

A measure used in statistics to determine how much two random variables change together, indicating the direction of their linear relationship.

DAX Stock Market

The Deutscher Aktienindex (DAX), a major stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.

Euro Bills

Short-term debt instruments issued by the European Central Bank and denominated in Euros.