_________

question 265

Multiple Choice

_________.

• A)lowering the price has only a minor effect on increasing sales volume and reducing unit costs
• B)when the high initial prices do not attract competitors
• C)many segments of the market are price sensitive
• D)when customers interpret high prices as signifying high quality
• E)customers are willing to buy immediately at the high initial price

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Definitions:

Unionized

The state of being organized into a union or labor organization to negotiate collectively with employers.

National Income

The total amount of money earned within a country from its economic activities in a given period, typically measured as GDP minus income from abroad plus income from foreign sources.

Labor Force

The total number of people employed or seeking employment in a country or specific area.

Workforce Unionized

Refers to a workplace where the employees are members of a union, which represents their interests in negotiations with the employer.