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Which of the Following Statements Is Most Accurate

Question 275

Multiple Choice

Which of the following statements is most accurate?


A) Nonprofit organizations are exempt from having to cover costs of producing and/or marketing their products.
B) Socially responsible corporations should have the pricing objective of covering all costs of producing and marketing a company's product, but they should not price their products to earn a profit.
C) Firms must know or anticipate what specific price its present and potential competitors are charging now or will charge.
D) Regardless of a company's objectives, a firm must cover all the costs of producing and marketing products or the firm will fail.
E) Elasticity of demand makes it virtually impossible for companies to cover all their marketing and production costs at all times.

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