____________ is usually the first variable to be proposed for bringing demand and supply into balance.
A)Price.
B)Place.
C)Personnel.
D)Product.
E)Promotion.

Question

Quizplus · Accepted Answer

Price is the most common variable used to bring demand and supply into balance. When there is a higher demand for a product or service, the price can be increased to reduce demand and increase supply. On the other hand, when there is a surplus of supply and demand is low, the price can be lowered to increase demand and reduce supply. The other variables listed (Place, Personnel, Product, and Promotion) may also play a role in balancing demand and supply, but price is typically the first variable to be considered.

____________ Is Usually the First Variable to Be Proposed for Bringing