"Archaic" in Relation to States Is Used to Distinguish

question 47

Multiple Choice

"Archaic" in relation to states is used to distinguish

• A) ancient social forms from modern industrial states.
• B) ancient forms of society with elected officials and prime ministers.
• C) outdated forms of society.
• D) states with small, declining population numbers.

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Definitions:

Cost-plus Pricing

An approach to pricing in which a sale price is established by adding a specific extra amount to the product's per-unit cost.

Target Profit Pricing

Setting a product price based on a predetermined profit objective, rather than market or competitive conditions.

Return-on-investment (ROI)

A financial metric utilized to evaluate the efficiency of an investment or compare the efficiency of several different investments.

Business-to-business Markets

Markets focused on selling products or services from one business to another rather than to individual consumers.