Which of the Following Is True Regarding the Laws That

question 143

Multiple Choice

Which of the following is true regarding the laws that place limits on marketing activity?

• A)Managers who ignore consumer attitudes may cause new laws to be enacted or existing laws to be modified.
• B)Some existing laws may need to be modified or enforced more carefully,instead of adding new laws.
• C)Strict enforcement of existing laws and heavy penalties could have far-reaching effects on the macro-marketing system.
• D)Laws set the minimum standards for ethical behavior as defined by a society.
• E)All these statements are true.

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Definitions:

High Price

A situation where the cost of a good or service is considerably above the average or expected price.

Bargaining Position

The relative power or leverage that a party has in negotiation settings, which can influence the terms and outcome.

Supplier Merges

The process of two or more suppliers combining their operations or assets into a single entity, potentially affecting market competition and supply chain dynamics.

Product Redesign

The process of changing or updating a product's features, appearance, or performance to improve its appeal or functionality.