Critics point to which of the following factors when they accuse marketing of harming consumers through high prices?
A) quotas
B) nontrade tariffs
C) excessive markups
D) government taxes
E) changes in currency values

Question

Quizplus · Accepted Answer

Excessive markups refer to the difference between the cost of production and the price at which a product is sold. When companies set high prices for their products without reasonable justification, it is seen as harmful to consumers since they end up paying more than fair value. Critics of marketing often accuse companies of having excessive markups, leading to harm to consumers. The other options, such as quotas, nontrade tariffs, government taxes, and changes in currency values, might also affect prices but are not directly related to marketing practices.

Critics Point to Which of the Following Factors When They