Which of the following statements regarding product cost distortion and product pricing is/are true?
A) Product cost distortions will have a more serious impact on product pricing if the market prices are a major factor in setting prices.
B) Product cost distortions will have a more serious impact if cost-plus pricing is a major tool for determining prices.
C) If product costs are distorted, it will not be possible to determine the market price.
D) Product cost distortions will have a more serious impact if cost-plus pricing is a major tool for determining prices AND if product costs are distorted, it will not be possible to determine the market price.
Correct Answer:
Verified
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