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A Group of Engineers Was Assigned the Task of Creating

question 3

Multiple Choice

A group of engineers was assigned the task of creating a more useful dashboard for cars. All of the members, except for one, put forth quite a bit of effort. The individual who chose not to work very diligently knew that the other members of the group would pick up his slack. In the end, their hard work paid off. The group's new dashboard was named "design of the month" by the company. With that honour came a monetary bonus. Which of the following can be used to describe the one individual who seemed not to put forth any effort at all, but still reaped the rewards of everyone else's hard work?

Definitions:

Right Price

The optimal price point for a product or service, taking into account factors such as value to the customer, demand, and competition.

Consumer Demand

The desire and willingness of consumers to purchase goods and services at various price points.

Your Gut

Colloquial term referring to an individual's instinctive reaction or initial feelings about a decision or situation, often sans empirical evidence.

Inelastic Product

A product or service whose demand does not significantly change with variations in its price.