Table 31.1.1 Glazeland's Doughnut Market

question 3

Multiple Choice

Table 31.1.1
Glazeland's Doughnut Market

-Table 31.1.1 shows Glazeland's doughnut market before international trade. Glazeland opens up to international trade. If the world price is $0.60, then Glazeland will produce ________ doughnuts and will ________ doughnuts.

• A)2 million; import 3 million
• B)4 million; import 1 million
• C)4 million; export 1 million
• D)5 million; import 3 million
• E)5 million; export 3 million

---

Definitions:

Marketing ROI

Return on Investment in marketing; a measure of the profitability and effectiveness of marketing efforts, comparing the gain from these activities to their cost.

Return on Investment

A financial metric used to evaluate the efficiency of an investment, calculated by dividing the profit from an investment by its cost.

Marginal Analysis

An assessment method used to examine the benefits and costs of an extra unit of consumption or production.

Strategic Marketing Process

A systematic approach to planning and executing marketing strategies that align with an organization's overall objectives.