If Used on an Ongoing Basis, _____________ Can Reduce the Price

question 35

Multiple Choice

If used on an ongoing basis, _____________ can reduce the price for customers who would buy at the regular price and may also cheapen a product's image.

• A) cents-off offers
• B) rebates
• C) money refunds
• D) premiums
• E) consumer sweepstakes

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Definitions:

Union Labor

Workforce that is represented by a union, which negotiates wages, working conditions, and other benefits on their behalf.

Production Cost

The total expense incurred in manufacturing a product or offering a service, including raw materials, labor, and overheads.

Final Product

A good or service that has completed all stages of production and is ready for consumption by the end-user.

Labor Costs

The total sum of all wages, benefits, and taxes paid to employees by an employer for work performed.