If There Are Floods or Droughts or a Decrease in the Availability

question 17

Multiple Choice

If there are floods or droughts or a decrease in the availability of raw materials

• A)aggregate supply shifts right.
• B)output falls in the short run.
• C)prices fall in the short run.
• D)None of the above is correct.

Understand the role and impact of marketing intermediaries in the distribution process.

Comprehend the stages involved in product development and the importance of market testing.

Recognize the legal protections available for brands and the importance of trademarks.

Understand the strategic decisions involved in packaging and labeling products for different markets.