When KFC Corporation Decides on Brand Names, Package Designs, Sizes

question 72

Multiple Choice

When KFC Corporation decides on brand names, package designs, sizes of orders, and flavours of sauces and recipes, it is controlling which element of the marketing mix?

• A) distribution
• B) product
• C) promotion
• D) timing

Understand the basics and importance of real GDP as a measure of economic activity and well-being.

Grasp the concept of inflation, how it arises, and its relation to GDP and GDP deflator.

Recognize the limitations of GDP as an all-encompassing measure of economic progress and quality of life.

Interpret the circular flow diagram, and understand the role of expenditure and income in the economy.

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Definitions:

Ova

Female reproductive cells or eggs that are necessary for reproduction in many species, including humans.

Sex

Biological classification of organisms, generally as male or female, based on reproductive anatomy and function.

Chromosome

A thread-like structure of nucleic acids and protein found in the nucleus of most living cells, carrying genetic information in the form of genes.

Individual

A single human being distinct from a group, class, or family, noted for unique identity and characteristics.