Answer:
True
Explanation:
This is one of the major reason why companies expands its manufacturing department in countries with greater free trade agreements and with geographical importance. This makes the company more oriented towards controlling transportation costs, import duties and other costs and increasing the benefits arising from the economies of scale.
Since your town was impacted in a negative way by the flooding the demand for home improvement items will be high. When demand is high and supply is low it can drive up prices. Most stores would definitely take advantage of this supply and demand case because they could turn a bigger profit. That would be a motivating reason for some people or companies.
As for me personally, I would not raise prices in my business because I feel that is taking advantage of people in a bad situation. You know that they are going to need to supplies to help them fix flood damage and they will have no option but to buy the needed materials. However, if you raise prices it could backfire on you and they may go somewhere else to get the materials needed instead of shopping with you.
Answer:
low-learning
Explanation:
Low Learning product is the product whose sales immediately begin because a little learning of the product is required by consumer and the benefits from the product are readily tangible.
Their sales begin quickly due to simplicity of product. This simplicity of product allows the consumers to understand product almost right away.
Example of low-learning product which has been successful is the Red Bull Drink. Consumers understand the need of the drink and is purchased in huge amounts.
