The Course of Action That a Business Opts to Take

question 116

True/False

The course of action that a business opts to take and which does not violate accepted principles is known as an ethical strategy.

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Definitions:

Price

The expense involved in securing a product or service.

Demand Curve

The Demand Curve is a graph showing the relationship between the price of a good and the quantity of that good that consumers are willing and able to purchase at various prices.

Quantity Demanded

The level of product or service that buyers intend to purchase at various prices.

Increase

A situation where there is a rise in quantity, size, number, value, or intensity of a particular variable or condition.