Solved

Which of the Following Statements Is Not Accurate

Question 22

Multiple Choice

Which of the following statements is not accurate?


A) A milk producing company does not control the market price and as a result is a price-taker.
B) A custom-made furniture manufacturer has some control over the market price and as a
Result is a price-setter.
C) A company with a unique product tends to be a price-setter rather than a price-taker.
D) Most business managers would prefer to be a price-taker rather than a price-setter.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents