Solved

Businesses Tend Not to Adjust Their Consumption of Products in Relation

Question 16

Multiple Choice

Businesses tend not to adjust their consumption of products in relation to price changes. Rather, they:


A) operate with lower profit margins.
B) seek to identify substitute products.
C) pass the cost on to their customers.
D) initially pass the cost on to their customers, while they seek to identify substitute products.

Correct Answer:

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