Which of the Following Observations Is False

question 172

Multiple Choice

Which of the following observations is false?

• A) Competition needs to be considered when adding in overhead and profit for a bid price.
• B) Some sellers fake their records to make costs seem higher than they really are.
• C) Negotiated price is a price set based on bargaining between the buyer and seller.
• D) Negotiated pricing is rare in situations where the marketing mix is adjusted for each customer.
• E) Negotiated pricing is a demand-oriented approach.

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Definitions:

Self-Determination

The process by which an individual controls their own life, making decisions and setting goals independently.

Autonomy

The right or condition of self-governance, especially when applied to individuals in moral, ethical, or legal contexts.

Ethics

The branch of knowledge that deals with moral principles, guiding the conduct of individuals and institutions.

Justice

The ethical principle concerning fairness and the moral rightness of actions and laws.