Answer:
b) False
Explanation:
The price reduction will stimulate demand for Rajiv's Fire Engines, in the short run, before competitors catch up or even overtake the firm with price reduction strategies of their own. This will in turn drive sales and the production quantity to increase marginally in the short-run. However, in the long-run, because the market is competitive, Rajiv Company will not totally benefit from the price reduction as the price war intensifies among the competitors.
Answer:
Court ruled over in favor of the plaintiffs.
Explanation:
The result was that the court ruled in the favor of the plaintiffs because the contractor was statutorily barred from bringing an action to enforce payment because he doesn't has the residential home builder license and the amount of the contract satisfied statutory requirements.
Answer:
d. Is an acceptable strategy once a need has been identified and a suitable product has been selected.
Explanation:
A face to face selling of a product directly to business is one of the best example of personal selling e.g. cars, photocopier, office equipment etc.
Answer:
C. Transportation in the Sacramento Valley underwent an evolution from necessity.
Explanation:
i did it on Usatestprep
She decides to purchase the beats brand because she believes it’s a higher quality set. In this case, alicia has been influenced by the Informative effect of price.
<h3>
Information effect of price.</h3>
Consumers tend to use the information about the price of a product to ascertain its Quality. The is basically because the perception of quality is usually indicated by price.
Here, Alicia buying the beats brand even thogh it costs higher than the skullcandy model shows that she is using the information effect of price making her to perceive the beats brand as having higher quality.
Learn more on Information effect of price: brainly.com/question/7930369
