To Meet the New Competition, Prices of the Old Products

question 80

Multiple Choice

To meet the new competition, prices of the old products usually

• A) drop.
• B) remain unchanged but interest in the product is renewed with vigorous advertising.
• C) increase.
• D) are supplemented with coupons.
• E) increase while being offset with discounts and coupons.

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Definitions:

External Audiences

Groups or individuals outside of an organization who are stakeholders or potential beneficiaries of the organization's communications or actions.

Advertising Skills

The abilities and techniques used to effectively promote and sell products or services through various forms of media.

Interpersonal Skills

Abilities used by a person to interact effectively with others, such as communication, empathy, and conflict resolution.

Employment

The condition of having paid work; a formal relationship between an employer and an employee.