An Economic System That Permits Private Ownership and Control of Small

question 208

Multiple Choice

An economic system that permits private ownership and control of small businesses but where the government controls large critical industries is known as

• A) a mixed economy.
• B) socialism.
• C) communism.
• D) capitalism.
• E) mercantilism.

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Definitions:

Long-Range Marketing Plans

Strategic plans that outline marketing goals and actions to be taken over an extended period, usually several years.

Marketing Programs

Structured plans created by businesses that outline marketing strategies and tactical campaigns to reach specific goals.

Future Years

Refers to upcoming periods of time, often considered for planning, forecasting, or projections in various contexts.

Marketing Strategies

Comprehensive plans formulated to achieve marketing goals by identifying target audiences and deciding on ways to promote products or services.