Which One of the Following Is Not True with Respect

question 91

Multiple Choice

Which one of the following is not true with respect to pricing in a small business?

• A) Continual price adjustments can be both costly to the seller and confusing to buyers.
• B) In some situations, local, state, and federal laws must be considered when setting prices.
• C) Conducted properly, price determination is an exact science.
• D) Systems of discounts are often used to adjust prices to meet a variety of market needs.

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Definitions:

Assertiveness

The quality of being self-assured and confident without being aggressive.

Bargaining

A negotiation process between two or more parties aimed at reaching a mutually beneficial agreement or resolving a dispute.

Ingratiation

A social influence strategy aimed at making oneself more likable or acceptable by flattering or praising others.

Meeting Starts

The initiation or commencement of a gathering designed for discussion, decision-making, or collaboration among participants.