Which of the Following Is Not a Source of Sales

question 25

Multiple Choice

Which of the following is not a source of sales increases in response to price reductions?

• A) consumers who do not normally shop at the store making purchases at the store
• B) non-category buyers who now buy the product based on a superior level of perceived value
• C) increased competition
• D) users of competing brands who switch to the advertised brand

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Definitions:

Midpoint Formula

A method used in economics to calculate the elasticity of demand or supply between two points on a curve by averaging the quantities and prices.

Price Elasticity

A parameter that quantifies the change in demand for a commodity in response to its price alterations.

Midpoint Formula

A mathematical method used to find the midpoint or average between two points, often used in economics to calculate price or quantity averages.

Price Inelastic

Describes a situation where the demand for a product does not change significantly with a change in its price.