When Kroger's Grocery Store Puts Its Own Line of Detergent

question 118

Multiple Choice

When Kroger's grocery store puts its own line of detergent on the shelf next to Tide,the store is promoting its _____ brand.

• A)individual
• B)private
• C)manufacturer
• D)family

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Definitions:

Increase in Demand

A situation where there is a rise in consumer desire to purchase goods and services, often leading to higher prices and greater sales volumes.

Equilibrium Price

The price at which the quantity of a product offered is equal to the quantity of the product demanded, creating a balance without excess supply or demand.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price, where market supply and demand are balanced.

Pepsi

A carbonated soft drink manufactured by PepsiCo, considered one of the most recognizable beverage brands worldwide.