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:

Marketing

The process or activity of promoting, selling, and distributing a product or service.

Economic Recovery

A phase in which an economy rebounds from a recession, marked by an increase in employment, consumer spending, and overall economic growth.

Reasoning Method

A logical approach used to deduce or infer information based on given premises or evidence.

Logical Appeal

A persuasive technique that uses reason and evidence to support an argument or claim.