Saffexo, a company that manufactures sports goods, hikes the prices of its entire range of athletic shoes. However, the company does not experience a fall in the sales of its shoes following the hike as the consumers continue to buy them. The information given in the scenario indicates that Saffexo has a good _____.
A. brand valuation
B. product consistency
C. brand equity
D. product mix
Answer: C
Business
You might also like to view...
Define “adverse action” and explain who is affected by it.
What will be an ideal response?
Business
A simple random sample of 36 items resulted in a sample mean of 40 and a standard deviation of 12. Construct a 95% confidence interval for the population mean.
What will be an ideal response?
Business
The more rapidly receivables turn over, the more funds the firm has tied up in accounts receivable.?
Answer the following statement true (T) or false (F)
Business
All of the following items are reported in a statement of realization and liquidation except:
A. Cash B. Depreciable assets (net) C. Prepaid assets D. Receiver's expenses
Business