Which of the Following Is NOT Necessary for a Product-Related

question 101

Multiple Choice

Which of the following is NOT necessary for a product-related objective to be effective?

• A) It should focus primarily on short-term implications.
• B) It should be measurable.
• C) It should be feasible.
• D) It should indicate a specific time frame.
• E) It should be clear.

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Definitions:

Quantity Q₁

The amount of a specific good or service that is available or being considered at a designated point.

Linear Demand Curve

A graphical representation showing a straight-line relationship between the price of a good and the quantity demanded.

Marginal Revenue

The increase in total revenue resulting from selling one additional unit of a product or service.

Elastic Portion

The elastic portion of a demand or supply curve represents the range where the quantity demanded or supplied responds significantly to changes in price.