What of the Following Statements Is True of Both Conventional

question 38

Multiple Choice

What of the following statements is true of both conventional marketing and digital marketing?

• A)Both make customer communications faster.
• B)Both make customer communications interactive.
• C)Both help companies reach new target markets easily.
• D)Both have to achieve the right marketing mix.
• E)Both offer unlimited items for customer needs.

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given time period.

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity of the good that suppliers are willing to produce and sell.

Perfectly Elastic

Describes a situation in which the demand or supply for a product responds immediately and proportionately to changes in price, leading to an infinite elasticity.

Present Value

The present value of a future amount of money or series of cash inflows, calculated using a predetermined interest rate.