Josh Mows Lawns

question 219

Multiple Choice

Josh mows lawns.If the demand for lawn-mowing service is elastic and Josh wants to increase his total revenue,he should

• A)increase the price of his lawn-mowing service.
• B)decrease the price of his lawn-mowing service.
• C)reduce the costs of operating his lawn-mowing service.
• D)More than one of the above is correct.

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Definitions:

Customer Personality Styles

The classification of customer behaviors and preferences that influence their purchasing decisions.

Side Effects

Unintended consequences or reactions caused by the use of a product, action, or medical treatment.

Buying Decision

The process by which a consumer or business evaluates and chooses to purchase a product or service.

Correct Buying Decision

An informed and well-considered decision made by a buyer that optimally fulfills their needs, preferences, and budget.