For Long-Run Pricing Decisions, Using Stable Prices Has the Advantage

question 47

Multiple Choice

For long-run pricing decisions, using stable prices has the advantage of ________.

• A) minimizing the need to monitor competitor's prices frequently
• B) reducing the need to change cost structures frequently
• C) reducing competition
• D) helping to build buyer-seller relationships

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Definitions:

Assets

Resources owned or controlled by a business, individual, or entity which have value and can be used to meet debts, commitments, or legacies.

Profits

The financial gain obtained when the revenue from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Misconduct

Improper or unethical behavior, often violating the rules or norms of a professional environment.

Liable

Obligated by law.