Which of These Statements Regarding Price Changes Is Most Accurate

question 82

Multiple Choice

Which of these statements regarding price changes is most accurate?

• A) Prices for tangible goods should change monthly, whereas service prices should change quarterly.
• B) Changing a product's price too frequently creates antagonism among consumers, yet changing prices too infrequently makes them feel the company is not improving its product sufficiently.
• C) Supermarkets should change their prices every week since customers are expecting new prices in the weekly flyers they receive in the mail.
• D) Companies selling products online can instantly change their prices whenever the need arises.
• E) Internet price changes are regulated by the Internet Fair Practices Act to protect consumers against price gouging.

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Definitions:

Ledger

A book or electronic record used to record all of a company's financial transactions in accounts.

Ledger

A book or collection of financial accounts where transactions are recorded, typically categorized by type.

Journal

A book or digital record where all financial transactions are initially recorded, also known as the book of first entry.

Financial Statements

Documents that provide an overview of a company's financial condition, including income statements, balance sheets, and statements of cash flows.