Which statement regarding price changes is accurate?

Which statement regarding price changes is accurate?

• A. I can make price changes under GM lock control
• B. I cannot make price changes under GM lock control
• C. I can change prices freely without restrictions
• D. I can make price changes only with customer consent

Answer: (B)

The accurate statement about price changes is that you cannot make price changes under GM lock control. GM lock control is a system designed to maintain pricing integrity and prevent unauthorized adjustments. This ensures that pricing remains consistent and that any alterations are made according to company policy. The purpose of restricting price changes under this control is to uphold the company's standards and protect margins. This measure safeguards against errors that might occur if individuals had unrestricted access to alter prices, which could lead to customer dissatisfaction or financial discrepancies. Therefore, being under GM lock control means following established procedures and obtaining the necessary permissions for any price adjustments, ensuring that all changes are properly authorized and in line with company strategy.

The accurate statement about price changes is that you cannot make price changes under GM lock control. GM lock control is a system designed to maintain pricing integrity and prevent unauthorized adjustments. This ensures that pricing remains consistent and that any alterations are made according to company policy. The purpose of restricting price changes under this control is to uphold the company's standards and protect margins.

This measure safeguards against errors that might occur if individuals had unrestricted access to alter prices, which could lead to customer dissatisfaction or financial discrepancies. Therefore, being under GM lock control means following established procedures and obtaining the necessary permissions for any price adjustments, ensuring that all changes are properly authorized and in line with company strategy.