The Term "Relevant Range" Is Used to Describe

question 10

Multiple Choice

The term "relevant range" is used to describe:

• A)the range of activity where costs will always fluctuate.
• B)the range of activity where fixed costs change proportionately as activity changes.
• C)the range of activity where total variable cost remains unchanged as activity changes.
• D)the range of activity where a particular relationship between fixed and variable costs stays valid.

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Definitions:

Organizations

Groups or entities comprising individuals and resources working together towards common objectives or goals.

People

In a marketing context, refers to the customers, employees, management, and other stakeholders involved in a business's operations and success.

Marketing Mix

The set of controllable marketing variables that a company uses to influence consumer response, traditionally categorized as product, price, place, and promotion.