Consumer-Oriented Sales Promotions Are Part of a Promotional _______Strategy

question 32

Multiple Choice

Consumer-oriented sales promotions are part of a promotional _______strategy.

• A) pull
• B) premium
• C) trade
• D) push

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Definitions:

Average Product

The output per unit of input, calculated by dividing total product by the quantity of input.

Factor of Production

Resources used in the creation of goods and services, which include land, labor, capital, and entrepreneurship.

Total Income

The full amount of income received by an individual or a country, including wages, salaries, benefits, and income from investments before any deductions.

Marginal Product

Marginal product is the addition to total output produced by using one more unit of a specific input, holding all other inputs constant.