Which of the Following Statements Is True About the Role

question 25

Multiple Choice

Which of the following statements is true about the role culture plays in price setting?

• A) Culture influences the style of goods, which in turn impact on the cost of production and therefore overall cost.
• B) Culture influences the acceptability of practices including the loading of the price to cater for various pay-offs in order to get the business.
• C) Culture determines social priorities and the relative value of different types of goods.
• D) Culture dictates the acceptability of charging different prices to different market segments.
• E) All of the above statements about culture and price setting are true.