Which of the Following Statements About Product Deletion Is True

question 94

Multiple Choice

Which of the following statements about product deletion is true?

• A)Product deletions are necessary because the number of new products introduced keeps decreasing each year.
• B)The deletion plan should keep consumers supplied with replacement parts and repair service.
• C)The deletion plan is not required to provide for clearing out of stock in question.
• D)The deletion plan should allow the retailer or distributor to decide which products should be deleted.

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Definitions:

Marginal Rates

Rates of tax or charges that apply to the next unit of income or consumption, often increasing with the amount subject to the rate.

MU/P

Marginal utility per unit of price; a calculation used to determine the additional satisfaction gained per unit of currency spent on different goods and services.

Convinced

Being fully persuaded or firmly believing in the truth or existence of something.

Rational Consumer

An individual who systematically pursues their self-interest by making decisions that maximize their utility and satisfaction.