Price Is the Only Element in the Marketing Mix That

question 90

Multiple Choice

Price is the only element in the marketing mix that produces ________.

• A)revenue
• B)variable costs
• C)expenses
• D)fixed costs
• E)stability

Know how to effectively navigate the questioning phase of an interview and the appropriate ways to handle unlawful questions.

Understand how different financial ratios and their components indicate a company's financial health.

Identify the implications of a company's strategy on its financial performance.

Differentiate between various types of financial analysis strategies and their purposes.

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Definitions:

Variable Expenses

Costs that change in relation to the level of activity or volume of production.

Fixed Expenses

Costs that do not vary with the level of production or sales over a short period, such as rent and salaries.

Relevant Costs

Future costs that will differ under various alternatives, considered important for making financial decisions.

Special Order

An order for goods or services that is outside the company's normal scope of operations or requires customization to meet the customer's specific requirements.