Reasons Sellers Go Beyond What Is Required by Pricing Regulations

question 65

Multiple Choice

Reasons sellers go beyond what is required by pricing regulations include all of the following EXCEPT that ________.

• A) it is good business to treat customers fairly
• B) customers that fully understand prices and pricing terms are happy customers
• C) word-of-mouth from dissatisfied customers spreads rapidly
• D) building strong and lasting relationships is key to business success
• E) it improves profitability to earn additional revenue due to customer confusion

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Definitions:

Hypothesis

An idea about the possible nature of reality; a prediction tested in an experiment.

Testable Prediction

A forecast or hypothesis that can be verified or disproved through experimentation or observation.

Statistical Methods

The collection of techniques used for collecting, analyzing, interpreting, and presenting data.

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation, which can be tested through experiments or observations.