Multiple Choice
Anon Corporation is a manufacturer of Widgets.Faced with increasing input material costs,the company is considering a 15-20 percent price increase.There are significant disagreements among senior personnel in the company about this move. Which of the following,if true,would weaken the argument for a price increase?
A) The input costs of raw materials are expected to increase further in the coming months.
B) Customers are loyal to the brand mainly because they believe in the quality of ingredients used.
C) Anon's competitors have announced an increase in prices.
D) One of Anon's major competitors has just declared bankruptcy.
E) Market research done by the company reveals that demand for Widgets is readily affected by the price.
Correct Answer:

Verified
Correct Answer:
Verified
Q6: If two people exchange an apple, they
Q15: When the quantity of goods demanded equals
Q49: What is a business?
Q53: In a small town of 3,000 people,the
Q68: The privatization of postal services in several
Q83: Ernesto's Pizza is about to offer customers
Q86: AB Distributors is a company that serves
Q100: The points on a curve showing the
Q141: How does government compete with business in
Q214: Socialism is best described as<br>A) a kind