简答题Ifdemand changes greatly, we say the demand is elastic. If demand iselastic, the seller may consider increasing the prices. () Under oligopolistic competition, there are only one large seller who dominates the market. (×) A、正确 B、错误多选题If demand hardly changes with a small change in price, we say demand is ____. A、elastic B、inelastic C、flexible D、static简答题Competitive advantage is a business concept describing attributes that allows an organization to outperform its competitors. () A、正确 B、错误简答题Generally, price and demand is ____ related which means that the increase in the price would lead to the decrease in the demand for that product and vice versa. A、inversely B、adversely C、correspondingly D、proportionally简答题If the company wants to win a large market share with its product in a new market as soon as possible, the price will be fixed at an artificially low level, even lower than the market average. () A、正确 B、错误简答题Monopolistic competition occurs when an industry has many firms offering products that are similar but not ____. A、equal B、different C、identical D、distinct简答题The costs of product usually consist of ______. A、material costs B、labour costs C、distribution costs D、marketing costs简答题The purpose of product bundle pricing is to remove old stock. () A decision to position the product on high performance quality will mean that the seller must charge a lower price to cover higher costs. (×) A、正确 B、错误简答题In smaller businesses, top management, rather than marketing or sales department, is often responsible for setting the price. Adecision to position the product on high performance quality willmean that the seller must charge a lower price to cover higher costs. () A、正确 B、错误简答题Sometimes, a company’s strategy is built around its price-value ________. A、relation B、correlation C、property D、proposition简答题Under ____, the market consists of many buyers and sellers dealing with uniform commodities. A、pure competition B、monopolistic competition C、oligopolistic competition D、pure monopoly