Which of the Following Is a Normative Statement

question 103

Multiple Choice

Which of the following is a normative statement?

• A) The sky is blue.
• B) The sky is green with pink polka dots.
• C) Points on the production possibilities frontier (PPF) are efficient.
• D) Points outside the PPF are unattainable with current resources.
• E) We should strive to push the PPF outward.

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Definitions:

Value Creation

The process of generating products, services, or processes that are valuable to consumers, leading to increased benefits for both the business and its customers.

Front of The Store

The area closest to the entrance of a retail outlet, strategically used for displaying new, seasonal, or promotional items to attract customers.

Promotion Element

Components of the promotional mix used by companies to communicate product benefits and persuade customers, including advertising, sales promotion, public relations, and personal selling.

Value Proposition

A statement or concept that explains how a product, service, or brand satisfies a customer's needs or desires, distinguishing it from competitors.