Which of the Following Is True of Price

question 107

Multiple Choice

Which of the following is true of price?

• A) Price must be greater than cost for a firm to earn income.
• B) Price is the difference between gross margin and the cost of goods sold.
• C) Price is a dollar measure of the resources used to achieve a given benefit.
• D) Price is the difference between cost per unit and income per unit.

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Definitions:

Intrapreneur

An employee within a company who promotes innovative product development and marketing by acting as an entrepreneur.

Entrepreneurs

Individuals who initiate, manage, and take the risk of starting and running a new business.

70 Hours

Without context, it's unclear; could refer to a specific workweek duration in certain industries or regulations limiting working hours.