As Far as Prices Are Concerned, Environmentalists Believe Prices Should

question 182

Multiple Choice

As far as prices are concerned, environmentalists believe prices should

• A) be based on the cost of materials used to manufacture the product.
• B) reflect the direct cost as well as the cost of air, water, and soil used.
• C) be determined by the supply and demand of products in the marketplace.
• D) include a large tax to defray the costs of environmental compliance.
• E) be based on the renewability of the resources used to make the product.

---

Definitions:

Growth-Share Matrix

A strategic business tool used to evaluate a company’s portfolio of products or business units on the basis of their growth potential and market share.

Market Penetration

A measure and strategy of the amount by which a product or service is recognized and bought by customers in a particular market.

Product Development

The process of creating, designing, and introducing new products or improving existing ones to meet consumer needs and market demands.

Market Development

A growth strategy that identifies and develops new market segments for current products, including geographic expansion or targeting new segments.