Procter & Gamble Dropped the Price of Pringle Potato Chips

question 159

Multiple Choice

Procter & Gamble dropped the price of Pringle Potato Chips in the Southeast due to price competition and consumer demand.As a result of the price reduction,Procter & Gamble increased unit sales and earnings by 10 percent due to:

• A) price-wars with other snack food makers
• B) increases in both supply and demand
• C) elasticity of demand
• D) price demand determinants
• E) market share fluctuations

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Definitions:

Procurement

The process of obtaining goods or services, often used in the context of supply chain management in business, healthcare, or government.

Ablative

Relating to a treatment that removes or destroys tissue, often used in reference to surgical procedures and some forms of therapy.

Nasogastric Tube

A medical device inserted through the nose into the stomach, used for feeding or removing substances from the stomach.

Gastric Suction

A medical procedure that involves the removal of gastric contents through a tube inserted into the stomach.