Multiple Choice
Executives at Kelsey Corp.are arguing about whether or not they should increase prices for the company's products by 15-20 percent.Which of the following could be used as an argument to increase prices?
A) Substitutes for Kelsey's products are available in the market.
B) The price of materials consumed along with widgets has gone up.
C) Demand for Kelsey's products is increasing.
D) Competitors have announced that they intend to keep prices at current levels.
E) Planned relaxation of import restrictions will cause foreign competitors to enter the market.
Correct Answer:
Verified
Correct Answer:
Verified
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