Which of the following statements about marketing's impact on the economy is False?
A) Companies force consumers to buy products at exorbitant prices.
B) When new products are introduced, the prices of old products often drop.
C) Rising profits lead to increased investments and further economic growth.
D) Increased profits attract competition.
E) Profits begin to drop as new competitors enter a market with similar products.

Question

Quizplus · Accepted Answer

Companies cannot force consumers to buy products at exorbitant prices as consumers have the ability to make their own purchasing decisions. Prices are determined by supply and demand in a competitive market, and companies must offer competitive prices to attract customers.

Which of the Following Statements About Marketing's Impact on the Economy