Of the Following Statements About Price Are True EXCEPT

question 73

Multiple Choice

of the following statements about price are true EXCEPT:

• A) Research on 1,000 large U.S. companies shows that a 1 percent price increase translates to a 12 percent increase in profitability, other factors remaining the same.
• B) The price for a product or service must earn a profit for the company.
• C) For most products and services, their prices are 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:

Processing Instructions

Directives or commands within software or programming that guide the handling and manipulation of data.

CPU Converts

The process by which the central processing unit (CPU) of a computer converts instructions (data) into actions or results.

Operating System

Fundamental software that manages hardware resources and provides common services for computer programs.

Restoring

The process of bringing something back to its original state, often used in the context of data recovery.