All of the Following Statements About Price Are True Except Which

question 84

Multiple Choice

All of the following statements about price are true except which?

• A)Small changes in price can have big effects on both the number of units sold and company profit.
• B)The price for a product or service must earn a profit for the company.
• C)For most products and services,there is an agreed-upon price range set by makers.
• D)The price must be "right"-in the sense that customers must be willing to pay it.
• E)The price must generate enough sales dollars to pay for the cost of developing,producing,and marketing the product.

---

Definitions:

Nonhuman Animals

Living organisms that are not human beings, often referred to in contexts of biological, psychological, or ethical studies.

Mental Age

An assessment of an individual's mental development as compared to the norms for their chronological age.

Mental Development

Refers to the cognitive growth and progression in understanding, problem-solving, and decision-making abilities throughout a person's life.

Mental Ability

The capacity to perform cognitive tasks, process information, and understand concepts through various mental faculties like reasoning, memory, and problem-solving.