Competitive Price Increases Are More Likely to Be Followed by a Company

question 86

Multiple Choice

Competitive price increases are more likely to be followed by a company when _______.

• A)falling cost levels occur
• B)excess supply exist
• C)build or hold objective exist
• D)rising cost levels occur

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Definitions:

Trustees

Trustees are individuals or organizations appointed to manage assets on behalf of others, typically in a trust fund.

Beneficiaries

Beneficiaries are individuals or entities designated to receive benefits or assets under a legal instrument, such as a will, trust, or insurance policy.

Chain-Style Business Operation

A type of franchise in which the franchise operates under the franchisor’s business name and is required to follow the franchisor’s standards and methods of business operation.

Franchise

A business model that allows individuals to own and operate a branch of a larger company using its name, trademarks, and products.