All Sellers May Be Tempted to Raise the Price of What

question 43

Multiple Choice

All sellers may be tempted to raise the price of what they sell,but a negative unintended effect of raising the price could be __________ in units sold large enough to __________ the seller's total revenue earned.

• A)an increase;raise
• B)an increase;lower
• C)a decrease;raise
• D)a decrease;lower

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Definitions:

Product Layouts

The arrangement of machinery, equipment, and staff within a production facility to efficiently create a product or service.

Focused Factories

Manufacturing facilities designed with a narrow production focus, dedicated to producing a limited range of products or components, to enhance efficiency and quality.

Cross-docking

A logistics practice where incoming cargo is unloaded from a vehicle, sorted, and directly loaded onto outbound vehicles, minimizing storage time.