Executives at Kelsey Corp

question 113

Multiple Choice

Executives at Kelsey Corp.are arguing about whether or not they should increase prices for the company's products by 15-20 percent.Which of the following could be used as an argument to increase prices?

• A) Substitutes for Kelsey's products are available in the market.
• B) The price of materials consumed along with widgets has gone up.
• C) Demand for Kelsey's products is increasing.
• D) Competitors have announced that they intend to keep prices at current levels.
• E) Planned relaxation of import restrictions will cause foreign competitors to enter the market.

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Definitions:

Horizontal Merger

A horizontal merger is a business consolidation that occurs between firms that operate in the same industry, often leading to synergies and an expanded market presence.

Transition Team

A group of people tasked with managing and overseeing the process of change from one state or phase to another within an organization.

Fair Compensation

A remuneration strategy that provides equitable pay to employees based on their job role, experience, and performance, aiming to maintain fairness and motivation within the workforce.

Climate Survey

A tool used to gauge the overall atmosphere or mood within an organization, typically regarding employee satisfaction and engagement.