To Maintain Market Share and Revenue in an Increasingly Price-Sensitive

question 12

Multiple Choice

To maintain market share and revenue in an increasingly price-sensitive market, companies have focused on quality, used labour-saving technologies and used efficient manufacturing processes.These tactics have provided gains in productivity that have translated into __________ for the company and __________ for the consumer.

• A)higher costs; higher prices
• B)higher costs; lower prices
• C)lower costs; lower prices
• D)lower costs; higher prices
• E)no change in costs; no changes in prices

---

Definitions:

Long-Term Liabilities

Financial obligations of a business that are due for repayment in more than one year, such as bonds payable or long-term loans.

Gross Pay

The total amount of money an employee earns before any deductions are made.

Deductions

Amounts that are subtracted from gross income or revenue, leading to a lower taxable income or tax liability.

Take-home Pay

The net amount of income that an employee receives after deductions like taxes, social security, and retirement contributions are subtracted from their gross salary.