Prices Are Called "Administered" When

Multiple Choice

Prices are called "administered" when:

A) they are determined through negotiations between buyers and sellers.
B) they fall below the "suggested list price."
C) a marketing manager has to change the strategy every time a customer asks about the price.
D) government intervenes to ensure that prices fluctuate freely in response to market forces.
E) firms set their own prices for some period of time-rather than letting daily market forces determine their prices.