In Marketing, Which of the Following Statements Holds True for Price

question 51

Multiple Choice

In marketing, which of the following statements holds true for price?

• A)It refers to the shortest channel of distribution, consisting of just the producer and the end consumer.
• B)It refers to any physical good or intangible service that is offered for sale.
• C)It refers to the amount of money that the consumer pays for any physical good or intangible service.
• D)It refers to the activities that inform and encourage consumers to buy any physical good or intangible service, including advertising (whether print, radio, television, online, billboard, poster, or mobile), coupons, rebates, and personal sales.
• E)It refers to the location at which the company offers any physical good or intangible service for sale.

---

Definitions:

Variance

A measure of the dispersion or spread of a set of data points around their mean value.

Variance

A measure of how much the values in a data set differ from the mean of that set.

Data

Pieces of factual information collected together for analysis or used to reason and make decisions.

Sum of Squared Scores

A measure in statistics that represents the total deviation of each score from the mean, squared and summed up.