Examlex

Solved

An Example of the Promotion Variable of the Marketing Mix

question 11

Multiple Choice

An example of the promotion variable of the marketing mix is


Definitions:

Profit

The financial gain achieved when the revenue earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Wage

Payment to a worker from an employer for labor or services, usually expressed as an hourly, daily, or piece rate.

Marginal Revenue

The change in total revenue from an additional unit sold.

Marginal Cost

The cost of producing one additional unit of a good or service, important in decision-making processes about production levels.

Related Questions