As You Evaluate the Following Definition of Law, Identify What

question 45

Multiple Choice

As you evaluate the following definition of law, identify what approach this is of defining the law, "An order, shall be called law where it is externally guaranteed by the probability that coercion (physical or psychological) , to bring about conformity or avenge violation will be applied by a staff of people especially ready for that purpose."

• A) law, coercion, and specialization
• B) law and physical force
• C) law in action
• D) law and justice

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Definitions:

Pricing Objective

Pertains to the goals a company aims to achieve through its pricing strategies, such as maximizing profit, capturing market share, or supporting product positioning.

Household Bleach

A common liquid chemical used in homes to disinfect surfaces, whiten clothes, and remove stains.

Maximizing Current Profit

A business strategy that focuses on generating the highest possible profit in the short term, sometimes at the expense of long-term viability.

Pricing Objective

The financial and marketing goals a company aims to achieve through its pricing strategies.