Which of the Following Statements Is True

question 70

Multiple Choice

Which of the following statements is true?

• A) Mixed costs are step costs.
• B) Total variable cost change in direct proportion to changes in the amount of the activity.
• C) In the short run,all cost are variable.
• D) In the long run,all costs are fixed.

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Definitions:

Dodge Technique

A strategy used in discussions or negotiations to avoid directly answering a question or addressing a challenging issue.

Objection

A reason or argument presented in opposition to a suggestion, claim, or action; in sales, refers to potential concerns or hesitations raised by a prospect.

Price/Value Formula

A concept in marketing that compares the cost of a product to its perceived value to the buyer, influencing the purchase decision.

Price Objection

A price objection is a customer's resistance or reluctance to purchase a product or service based on its cost, expressing concerns over value or affordability.