Typically,the Sales Volume Declines with an Increase of a Product

question 81

Multiple Choice

Typically,the sales volume declines with an increase of a product price.It has been observed,however,that for some luxury goods the sales volume may increase when the price increases.The following Excel output illustrates this rather unusual relationship. Using the cubic regression equation,predict the sales if the luxury good is priced at $100.

• A) 1171.85
• B) 1133.10
• C) 1106.61
• D) 1092.91

---

Definitions:

Different Countries

The distinct nations of the world, each with its own government, territory, and identity.

Corporate Citizenship

The extent to which a business is socially responsible for meeting legal, ethical, and economic standards.

Compliance

The act of adhering to rules, standards, or laws set by governments or regulatory authorities.

Community Standards

Accepted norms and values that are recognized and upheld by a group or society.