Which of the Following Statements Is False

Which of the following statements is false?

A) Firms in the service sector typically change prices less frequently then manufacturing firms.
B) Most retailers in Western Europe and the United States change prices more than five times a year.
C) Wholesale prices are changed more often than retail prices.
D) Firms are more likely to change prices due to shocks to its respective sector as opposed to shocks to the aggregate economy.