Which of the Following Statements Is NOT True

question 116

Multiple Choice

Which of the following statements is NOT true?

• A) Self-promotion is not a substitute for quality products.
• B) Inferior products harm a firm's profitability and a nation's balance of payments.
• C) Product liability transfers from the manufacturer to the retailer once the retailer accepts delivery of the product.
• D) Quality-be it good or bad-will show up in perceptions about a firm's new products, employment practices, and supplier relations.
• E) Legislation such as the Consumer Product Safety Act sets and enforces product standards by banning products that do not reach those standards.

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Definitions:

Unit Sales

The quantity of items sold or number of services rendered over a given period.

Market Share Objective

A strategic business goal aimed at controlling a certain percentage of the market within a specific time.

Industry Sales

The total volume of products sold or services provided within a specific industry over a given period of time.

Production Costs

The expenses associated with producing goods or services, including labor, materials, and overhead costs.