The First Step a Bank Should Take to Create a Favorable

question 10

Multiple Choice

The first step a bank should take to create a favorable impression to the public is to

• A)determine its current image.
• B)define its goals in creating its image.
• C) analyze the image it wants to present.
• D) determine its target audience.

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Definitions:

Average Fixed Cost

The average fixed cost is the total fixed expenses of a business divided by the number of units produced, showing how much fixed costs contribute to each unit of production.

Average Variable Cost

The variable cost per unit of output, determined by dividing the total variable costs by the number of units of output.

Output

The total quantity of goods or services produced or supplied by a firm or economy within a certain period.

Product Price

The amount of money required to purchase a specific good or service offered in the market.