Which of the Following Statements Is True

question 18

Multiple Choice

Which of the following statements is true?

• A)Companies are price-takers when their products are unique.
• B)Companies are price-setters for a product when there is intense competition.
• C)Companies are price-takers for a product when pricing approach emphasizes cost-plus pricing.
• D)Companies are price-takers when they have little or no control over the prices of their products or services.

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Definitions:

HDD

Short for Hard Disk Drive, it is a data storage device used for storing and retrieving digital information using magnetic storage.

Duplex

A communication system or printing method that allows for two-way transmission or processing simultaneously.

NFC

Near Field Communication, a set of communication protocols that enable two electronic devices, one of which is usually a portable device such as a smartphone, to establish communication by bringing them within close proximity.

Protocols

Sets of rules and conventions for communication between network devices, ensuring the transfer of data across networks is consistent and reliable.