Mrs. Renfro's, Inc., sells 25 different relishes in 45 states. Mrs. Renfro's chipotle corn salsa is so popular that the company cannot make enough to keep its resellers stocked. Its price of $4.50 for a jar seems just right to consumers who savor its hot and spicy taste. The popularity of hot and spicy food is an example of a ________ that Mrs. Renfro's has taken advantage of to make its product a success.
A) barter factor
B) demand factor
C) supply factor
D) consumer index
E) macroeconomic environmental factor
Correct Answer:
Verified
Q149: Q150: For the sake of simplicity and by Q151: Price elasticity of demand is expressed as Q152: Demand for a product is likely to Q153: Which of these illustrates movement along the Q155: In a snack vending machine, consumers can Q156: Which of these best illustrates a shift Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
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