Marketing Stimuli Consist of the Four Ps

question 141

Multiple Choice

Marketing stimuli consist of the four Ps.Which is NOT one of these?

• A) product
• B) politics
• C) price
• D) promotion
• E) place

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Definitions:

Output Level

The quantity of goods or services produced by a company, industry, or economic system at a given time.

Average Revenue

The amount of income generated per unit of sale or the total revenue divided by the quantity of products or services sold.

Marginal Revenue

The income boost obtained through the sale of one extra unit of a product or service.

Pure Competition

A market structure characterized by an extremely high level of competition, where no single buyer or seller can influence the market price.