Which of the Following Statements About Pricing Is True

question 66

Multiple Choice

Which of the following statements about pricing is true?

• A) pricing for products sold to the federal government can be priced to include all costs of the product including marketing costs
• B) companies that sell commodity-like items usually use the cost-plus approach to pricing
• C) companies in competitive markets use the market approach to pricing
• D) regulators will intervene in noncompetitive industries and markets but usually will not regulate company pricing policies in competitive industries

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Definitions:

Line Management

Managers directly responsible for the production and delivery of a company's products or services.

Staff Management

The function of leading, organizing, and supervising employees to achieve organizational goals efficiently and effectively.

Indirect Responsibilities

Duties or obligations not directly tied to one's primary job function but essential for supporting broader organizational goals.

Value Creation

Value Creation involves processes or activities that increase the worth of a product or service, enhancing its value to consumers and leading to competitive advantage.