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?
life-saving drugs
automobiles
beverages
toys
jewelry

Question

Quizplus · Accepted Answer

The Answer of 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?
life-saving drugs
automobiles
beverages
toys
jewelry

Anon Corporation Is a Manufacturer of Widgets