Which of the Following Is an Example of a Prevention

question 140

Multiple Choice

Which of the following is an example of a prevention cost?

• A)field testing
• B)quality audits
• C)reinspection
• D)repair costs

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Definitions:

Monopolistic Competition

A market structure featuring many competitors selling differentiated products, allowing for some degree of market power and price control by each competitor.

Holiday Shopping Season

The period between late November and early January where retail sales tend to increase significantly due to holiday-related shopping.

Online Retailers

Companies that operate on the internet and sell goods or services directly to consumers, without a physical storefront.

Pure Competition

A market structure characterized by a large number of firms selling identical products, making it easy for entry and exit, and ensuring no single firm can influence market prices.