Which of the Following Statements Is True of Costs and Pricing

question 112

Multiple Choice

Which of the following statements is true of costs and pricing decisions?

• A) Companies get profit from selling products only when they are the price makers.
• B) Companies supply products as long as the price the customer is willing to pay for its products exceeds the price that is charged by the competitor.
• C) Companies supply products as long as there is a demand for the product in the market regardless of the price at which the products are sold.
• D) Companies supply products as long as the revenues from selling the additional units exceed the cost of producing them.

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Definitions:

Acknowledged

Recognized or admitted the existence, truth, or validity of something.

Favor Request

A polite or formal request for assistance or support from someone.

Positive Response

An affirmative or favorable reply to a question, request, or proposal.

Routine Messages

Standard or typical communications within a business environment, usually following established procedures or formats.