If Production Point Is Inside the Production Possibilities Frontier

question 61

Multiple Choice

If production point is inside the production possibilities frontier

• A) production is inefficient.
• B) production is in the ʺunattainableʺ region.
• C) it is not possible to produce more of both goods
• D) in order to produce more of one good, less of the other must be produced.

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Definitions:

Incremental Marketing Effort

Additional marketing activities that are undertaken to build upon the initial marketing strategy.

Marketing Effort

All the actions and tactics a business uses to market and sell its goods or services to its desired audience.

Sales Revenue

The total income generated from the sale of goods or services by a company before any costs or expenses are deducted.

Marketing Program

A marketing program encompasses the strategies, tactics, and activities designed to promote and sell products or services to target customers.