General Motors, Ford, and Chrysler have all recently experienced financial distress because
A) the Asian markets such as China, India, and Japan entered the North American market and captured an even larger share.
B) the value pricing strategy used by the "big three" was flawed and North American's perceptions of value had changed.
C) their costs got out of control, causing their total costs to exceed their total revenues.
D) they were continually using deceptive pricing when establishing the manufactured suggested retail price on their vehicles.
E) their product line was not changing with the times in order to meet changing environmental standards regarding emissions.
Correct Answer:
Verified
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