If the Price Is So Low That Vendors Start to Run

question 80

Multiple Choice

If the price is so low that vendors start to run out of bottled orange juice, they might ration their remaining inventory among willing buyers by

• A)raising the price per bottle.
• B)lowering the price per bottle.
• C)closing early.
• D)creating a shortage.

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Definitions:

Beliefs

Deeply held convictions or acceptances that certain ideas are true or real, often forming the basis of one’s values or worldview.

Actions

The process of doing something in order to achieve a purpose or goal, typically involving physical or mental effort.

Selling Features

Specific characteristics or benefits of a product or service that are highlighted to persuade potential buyers.

Built-In GPS

A feature in which Global Positioning System technology is integrated into devices allowing for real-time geographic location tracking.