Which of the Following Statements Is MOST ACCURATE

question 255

Multiple Choice

Which of the following statements is MOST ACCURATE?

• A)Nonprofit organizations are exempt from having to cover the costs of producing and/or marketing their products.
• B)Socially responsible corporations should have the pricing constraint of covering all costs of producing and marketing their products,but they should not price their products to earn a profit.
• C)Marketers must ensure that firms in their channels of distribution must make an adequate profit or they will be cut off from their customers.
• D)Price elasticity of demand makes it virtually impossible for companies to cover all their marketing and production costs at all times.
• E)Marketing and production costs are the most difficult and expensive aspect of pricing because they draw so much capital away from other departments in the organization.

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Definitions:

Sound Mind

A legal term denoting an individual's legal and mental capability to make decisions or enter into contracts, signifying that they are neither impaired nor incapacitated.

Witnesses

Witnesses are individuals who observe events first-hand and can provide testimony or evidence about those events in legal proceedings.

Handwrote

The action of writing something using a pen, pencil, or other writing instrument, as opposed to typing or printing.

Valid

A term used to describe something that is legally sound and binding.