Which of the Following Statements About the Legal-Political Environment Is

question 40

Multiple Choice

Which of the following statements about the legal-political environment is true?

• A)The two broad categories of laws that are particularly relevant to salespeople are Federal Trade Commission regulations and state cooling-off laws
• B)Antitrust laws have no impact on sales activities
• C)The number of laws regulating personal selling and all other aspects of conducting business have decreased dramatically over the last three decades
• D)A salesperson's claim that the refrigeration unit he was selling would keep food cold even if the electric power was off for six days could have legal consequences,but not ethical,because the salesperson was simply trying to make a sale when he made that statement
• E)Many salespeople are unaware that they assume legal obligations every time they approach a customer

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Definitions:

Unbundling

The practice of breaking down a service or product into individual components that can be sold separately.

Pricing Objectives

The goals that a company aims to achieve through its pricing strategy, such as maximizing profit, increasing market share, or achieving a competitive advantage.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, often influencing pricing strategies in economics and marketing.

Profit Maximization

The process or strategy of adjusting the production and sale of goods or services to achieve the highest possible profit.