If a Product Cannot Be Produced and Marketed at a Price

question 19

Multiple Choice

If a product cannot be produced and marketed at a price to cover its costs and provide reasonable profits in the long run, then one possibility is to

• A) redesign the product so that its costs are lower.
• B) mark the product at an exceptionally high price.
• C) negotiate price fixing agreements with competitors and distributors.
• D) offer discounts to customers on proportionately unequal terms.

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Definitions:

Threat Of Force

The use or promise of physical power to coerce or compel action from another party.

Model Penal Code

A text designed to stimulate and assist U.S. state legislatures to update and standardize the penal law of the United States.

Corporation

A legal entity recognized by law as separate from its owners, with its own rights and liabilities, allowing it to enter into contracts, own assets, and be liable for its actions.

Criminal Offense

An act punishable by law, typically involving harm to society or a breach of public order.