Multiple Choice
Anon Corporation is a manufacturer of Widgets. Faced with increasing input material costs, the company is contemplating a price increase in the range of 15-20 percent. There are significant disagreements among senior personnel in the company about this move. Assuming other factors remain constant, Anon would have the most power to raise prices if Widgets were which of the following?
A) Life-saving drugs
B) Automobiles
C) Beverages
D) Toys
E) Jewellery
Correct Answer:
Verified
Correct Answer:
Verified
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