A _______________ Is a Cost That, Once Incurred, Cannot Be

question 16

Multiple Choice

A _______________ is a cost that, once incurred, cannot be recovered.

• A)marginal cost
• B)diminishing cost
• C)sunk cost
• D)incremental cost

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Definitions:

Brand Personality

The human characteristics or qualities associated with a brand, enabling consumers to relate to the brand in a similar way they would with other humans.

Brand Architecture

The structure of brands within an organization's portfolio, showing the relationships and hierarchy between different products or services.

Brand Valuation Tools

Systems or methods used to estimate the financial value of a brand based on its strength, market presence, and potential future earnings.

Marketing Mix

A framework consisting of the 4Ps: Product, Price, Place, and Promotion, used by businesses to achieve marketing objectives.