The Most Common Form of Marketing Organization Is the ________

question 110

Multiple Choice

The most common form of marketing organization is the ________ organization. Under this organization, different marketing activities are headed by an operational specialist.

• A) geographic
• B) product management
• C) functional
• D) customer management
• E) market

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Definitions:

Marginal Revenue

The additional income received from selling one more unit of a good or service; it is an important concept for determining the optimal level of output for a company.

Purely Competitive Firm

A company operating in a market where there are many buyers and sellers, the products are homogeneous, and there are no barriers to entry or exit.

Average Revenue

The revenue a company generates per unit of output sold, calculated by dividing total revenue by the number of units sold.

Perfectly Elastic Demand Curve

A demand curve with infinite elasticity, where consumers are willing to purchase any amount of a product at a certain price, but none at any slightly higher price.