When a Firm or Business Displays the Better Business Bureau

question 169

Multiple Choice

When a firm or business displays the Better Business Bureau (BBB) Accredited Business logo on its store window or website, it assures consumers that

• A) the company's products comply with current safety standards set by the Consumer Product Safety Commission.
• B) it is a member of a voluntary alliance of companies whose goal is to help maintain fair business practices.
• C) the firm has met the standards for qualification as a green marketing firm.
• D) the firm takes a proactive stance on diversity in the workplace.
• E) the company incorporates sustainable business practices.

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good consumers are willing to buy.

MR (Marginal Revenue)

The increase in revenue that results from selling one additional unit of a product or service.

MC (Marginal Cost)

The additional cost incurred in producing one more unit of a good or service.

Downward-Sloping Demand

A representation of the relationship between price and quantity demanded, indicating that as price decreases, demand increases.