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:

Abstinence Syndrome

A condition characterized by physical and mental distress occurring in individuals who abruptly stop using addictive substances.

Psychological Dependence

When a person must continue to take a drug to satisfy intense mental and emotional craving for it.

Physical Dependence

The need to continue to take a drug to avoid withdrawal illness (which occurs when drug use is terminated).

High In Neuroticism

Characterizes individuals who experience emotional instability, anxiety, moodiness, worry, and sadness more frequently than others.