Match the Term with Its Definition

question 66

Multiple Choice

Match the term with its definition.
-A promotional strategy that provides visibility for a business at little or no cost

• A)advertising
• B)app
• C)blog
• D)e-mail promotion
• E)hyperlink
• F)institutional advertising
• G)personal selling
• H)product advertising
• I)promotion
• J)promotional mix
• K)prospecting
• L)publicity
• M)quick response (QR) code
• N)sales promotion
• O)social media

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Definitions:

Maximum Profit

The highest possible financial gain a business can achieve in a given period, calculated by maximizing the difference between total revenues and total costs.

Per Month

A time frame or billing period referring to the activities or costs accrued within a single month.

Monopolist

An individual or entity that has exclusive control over the supply or trade of a commodity or service in a particular market.

Economic Efficiency

A condition in which resources are distributed in a manner that optimizes the creation of goods and services while minimizing expenses.