Which of the following statements regarding price changes is MOST ACCURATE?
A) Product prices should change monthly,whereas services prices should change quarterly.
B) Changing a product's price too frequently creates antagonism among consumers,yet changing prices too infrequently makes them feel the company is not improving its product or service sufficiently.
C) Supermarkets should change their prices every week since customers are expecting new prices in the weekly flyers they receive in the mail.
D) Companies selling products over the Internet can instantly change their prices whenever the need arises.
E) Internet price changes are regulated by the Internet Fair Practices Act to protect consumers against price gouging.
Correct Answer:
Verified
Q89: Economists have identified four types of competitive
Q108: Economists have identified four types of competitive
Q110: During the _ stage of its product
Q117: The competitive market situation in which the
Q125: Go to any Kroger supermarket and walk
Q137: List the following competitive markets from LEAST
Q138: Which of the following statements regarding the
Q140: Which of the following statements regarding pricing
Q142: The competitive market situation in which many
Q143: There are more than 100 companies that
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents