While There Are Many Pizza Places in Curtisville, Pappy's Pizza

question 130

Multiple Choice

While there are many pizza places in Curtisville, Pappy's Pizza is known for its distinctive deep-dish pizza with an almost pie-like crust, whereas Momma's Pizza Pizzazz is comparable to many other restaurants. Pappy's is likely to find that it can prices to increase total revenue, and Momma's must prices to increase total revenue.

• A) raise; lower
• B) lower; raise
• C) raise; raise
• D) lower; lower
• E) raise; not change

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Definitions:

Globalization

The process by which businesses, cultural concepts, or technologies spread worldwide, leading to increased interconnectedness and interdependence among the world's economies, cultures, and populations.

McDonaldization

A concept that describes the process by which principles of the fast-food industry, like efficiency, predictability, and control, dominate other sectors of society.

Global Poverty

The condition where individuals or communities lack the financial resources to meet basic living standards around the world.

Global Commodity Chain

A worldwide network of production and distribution processes through which a product passes until it reaches the consumer.