During the Early Part of the Twentieth Century There Was

question 35

Multiple Choice

During the early part of the twentieth century there was widespread interest in how to reduce the cost of sales. Many believed that this could be done by:

• A) Selling through mass distribution of goods and services.
• B) Hiring lower-cost salespeople.
• C) Increasing the territory of each salesperson.
• D) Increasing the efficiency of the factory production process.
• E) Developing advertising to increase demand for the product.

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Definitions:

Marginal-Utility Analysis

An economic method that evaluates how the addition of one more unit of consumption affects overall utility.

iPads

A line of tablet computers designed, developed, and marketed by Apple Inc., known for their touch screen interface and wide range of applications.

Tablets

Portable computing devices featuring a touchscreen interface, often used for accessing the internet, running applications, and multimedia consumption.

Laptops

Portable personal computers designed for mobile use, with the capabilities of desktop PCs but compact enough for easy transport.