Name Brand Apparel Have Many Substitutes and Can Get Very

question 155

Multiple Choice

Name brand apparel have many substitutes and can get very expensive, as a result their demand is likely to be

• A)elastic.
• B)perfectly elastic.
• C)inelastic.
• D)unit elastic.

---

Definitions:

Attraction

The interest, desire, or force that draws individuals towards something or someone, influenced by various factors including appearance, personality, or similarity.

Attrition

The gradual reduction in the workforce due to employees leaving through resignation, retirement, or termination, without plans for immediate replacement.

Norms

Shared guidelines or rules that prescribe the appropriate behavior in specific situations within a group or society.

Nominal Group Technique

A structured method for group brainstorming that encourages contributions from everyone.