Which of the Following Pairs Are Characteristics of Price-Takers

question 235

Multiple Choice

Which of the following pairs are characteristics of price-takers?

• A)Less competition and target pricing
• B)Cost-plus pricing and less competition
• C)Target costing and heavy competition
• D)Cost-plus pricing and lack of product uniqueness

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Definitions:

Best Defence

The most effective legal argument or strategy used to achieve a favorable outcome in a legal case.

Innuendo

A statement or remark that indirectly suggests something derogatory, but does so without stating it directly.

False Rumour

An unfounded or untrue piece of information spread among people, which can potentially cause harm or misunderstanding without being based on facts.

Fair Comment

A legal defense in defamation cases, protecting statements made as opinion rather than fact, provided they are not malicious and are on a matter of public interest.