Many companies are reluctant to increase prices on routinely purchased consumer goods. Instead they:
A) accept the lower margins and sometimes absorb the loss.
B) decrease the quantity of the product just below the consumers' j.n.d.
C) decrease the quality of the product.
D) all of the above.

Question

Quizplus · Accepted Answer

The Answer of Many companies are reluctant to increase prices on routinely purchased consumer goods. Instead they:
A) accept the lower margins and sometimes absorb the loss.
B) decrease the quantity of the product just below the consumers' j.n.d.
C) decrease the quality of the product.
D) all of the above.

Many Companies Are Reluctant to Increase Prices on Routinely Purchased