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:

Option Button

A graphical control element that allows the user to choose only one of a predefined set of mutually exclusive options.

Split Form

In database applications, a form layout featuring two views simultaneously; one showing a single record and the other a list of records.

Navigation Pane

A user interface element that provides a structured and hierarchical view, aiding users in navigating through documents, files, or data.

Advanced Filter/Sort

Features in software that allow users to apply complex criteria for filtering or organizing data more precisely.