All of the Following Statements About Price Are True Except

question 127

Multiple Choice

All of the following statements about price are true except

• A)small changes in price can have big effects on both the number of units sold and company profit.
• B)the price for a product or service must earn a profit for the company.
• C)the price for most products and services is always the same.
• D)the price must be "right"-in the sense that customers must be willing to pay it.
• E)the price must generate enough sales dollars to pay for the cost of developing, producing, and marketing the product.

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Definitions:

Verbal Reprimand

A disciplinary action involving a spoken warning or rebuke to an employee for unsatisfactory performance or behavior.

Demotion

The act of lowering an employee's rank or position, typically as a result of organizational restructuring, performance issues, or disciplinary actions.

Motivation Theories

A set of theories designed to understand, explain, and predict the forces that drive individuals to engage in particular behaviors.

Job Satisfaction

The level of contentment employees feel about their work, which can influence morale and performance.