Which of the Following Statements Is True of Costs and Pricing

question 112

Multiple Choice

Which of the following statements is true of costs and pricing decisions?

• A) Companies get profit from selling products only when they are the price makers.
• B) Companies supply products as long as the price the customer is willing to pay for its products exceeds the price that is charged by the competitor.
• C) Companies supply products as long as there is a demand for the product in the market regardless of the price at which the products are sold.
• D) Companies supply products as long as the revenues from selling the additional units exceed the cost of producing them.

---

Definitions:

Older Adults

Individuals typically aged 65 years and older, often considered the senior population segment.

Industrialized Countries

Nations that are characterized by a significant level of industrialization, having advanced technological infrastructure and a high standard of living.

Independent Living Facility

A residential living setting for elderly or disabled people, who can care for themselves, but opt for a community that provides assistance when necessary.

Late Adulthood

The stage of life typically considered to begin around the age of 65, characterized by declines in physical and cognitive abilities but also a potential for continued social engagement and emotional growth.