Which of the following statements is true regarding initiating price increases
A. Price increases do not impact profits.
B. Prices should be increased when there is a lack of demand.
C. Cost inflation is not a factor in price increases.
D. Companies do not need to communicate reasons for price increases to customers.
E. Wherever possible, the company should consider ways to meet higher costs or demand without raising prices.
Answer: E. Wherever possible, the company should consider ways to meet higher costs or demand without raising prices.
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Marketing
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