Which of the Following Is NOT a Basic Value Position

question 71

Multiple Choice

Which of the following is NOT a basic value position?

• A) A product could be priced relatively high for a product class because it offers value in the form of high quality.
• B) A product could be priced at about average for the product class because it offers value in the form of good quality for a reasonable price.
• C) A product could be priced relatively low for a product class because it offers value in the form of acceptable quality at a low price.
• D) A product could be priced low for a product class because it offers value in the form of high quality at a substantially low price.

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Definitions:

Impracticable

A situation or condition that is impossible to put into practice or achieve due to current circumstances or limitations.

Contingency

A future event or circumstance that is possible but cannot be predicted with certainty.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, designed to provide uniformity and predictability in business law.

Inspection

The act of examining something closely, often for quality, safety, or compliance verification.