Business, 25.11.2019 21:31, lollollollollol1

Which of the following statements is true about a product market? a. the cost of labor does not affect the product market because it is an insignificant part of an organization's costs. b. product-market considerations are of particular concern to a company when its customers place greater importance on product rather than price. c. organizations in a product market are competing to serve the same customers. d. product markets typically place a lower limit on the pay an organization will offer its employees. e. organizations in a product market must increase the cost of labor every quarter.

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Which of the following statements is true about a product market? a. the cost of labor does not affe...