Which of the Following Is Likely to Shift the Demand

question 50

Multiple Choice

Which of the following is likely to shift the demand for chocolates to the left?

• A)An increase in the price of cocoa used to make chocolates
• B)Medical reports suggesting increased risk of memory loss among the aged due to high chocolate consumption
• C)A decrease in the price of chocolates
• D)The introduction of minimum wages by the government in an attempt to improve the average wage level in the economy and alleviate poverty

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Definitions:

Multiple-Channel Distribution

The use of two or more different types of channels to distribute a company's products or services to its customers, such as online, retail, and wholesale channels.

Complementary Functions

Activities or services that add value to or enhance the effectiveness of primary products or services.

Parallel Channels

Distribution channels that run alongside each other, offering products and services to the same market segments but through different pathways or intermediaries.

Channel Strategy

The planning and execution of distributing a product or service through the most effective and efficient means to reach the end consumer.