Which of the Following Is NOT a Function That Marks

question 15

Multiple Choice

Which of the following is NOT a function that marks serve?

• A) They indicate that the goods or services to which the mark is attached are from a single source.
• B) They advertise the goods or services.
• C) They provide an identification symbol for a particular good or service.
• D) They provide a marketing point for increasing the price of the good or service without increasing costs.

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Definitions:

Excess Supply

Occurs when the quantity of a good or service supplied is greater than the quantity demanded, often leading to a decrease in price.

Minimum Wage

The lowest legal salary that employers can pay their workers, established by government laws.

Labor Market

A marketplace where wages are determined, and workers are hired and fired.

Consumer Surplus

The difference in the total cost consumers are prepared and financially able to cover for a good or service, against the total cost they actually cover.