Which of the Following Statements Is True

question 19

Multiple Choice

Which of the following statements is true?

• A) It is always in the interest of the firm to engage in price discrimination if possible.
• B) Rearranging sales among different groups of customers decreases total revenue while increasing total cost.
• C) Most goods and services we buy are offered on a discriminatory basis.
• D) Price discrimination is illegal.

Describe the impact of electronic data interchange in supply chains.

Identify factors influencing organizational buying behavior.

Understand the stages in the organizational buying decision process.

Recognize the role of buying centers in organizational purchasing.

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Definitions:

Period Cost

Costs that are not directly associated with the production of goods and are expensed in the period they are incurred, such as administrative and selling expenses.

Variable Cost

Charges that adjust according to the volume of goods produced or sold, specifically materials and labor costs.

Opportunity Cost

The foregone benefit that could have been achieved from options not chosen when selecting one among several alternatives.

Property Taxes

Taxes assessed on real estate by local government, based on the property's value.