Which of the Following Types of Organizations Would Produce Goods

question 33

Multiple Choice

Which of the following types of organizations would produce goods?

• A)Merchandising business
• B)Service business
• C)Manufacturing business
• D)Both merchandising and manufacturing businesses produce goods.

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Definitions:

Peak-Load Pricing

A pricing strategy that involves adjusting prices in response to fluctuations in demand, particularly during peak usage times.

Marginal Cost

The expense associated with the production of an extra unit of a product or service.

Rebates

Rebates are partial refunds to purchasers of products or services, often used as a promotional tool by marketers to increase sales or the perceived value of a product.

Peak-Load Pricing

Pricing strategy that involves charging higher prices during peak times when demand is higher and resources are more constrained.