Most Attributes and Benefits in Many Product Categories Can Be

question 24

Multiple Choice

Most attributes and benefits in many product categories can be whittled down to

• A) needs and wants.
• B) price and quality.
• C) profit and loss.
• D) success and failure.

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Definitions:

Marginal Revenue

The additional income received from selling one more unit of a good or service; it's a critical concept in determining optimal output level.

Prices

The cost in terms of money expected, required, or given for acquiring something.

Marginal Revenue

The extra revenue a company earns by selling an additional unit of a product or service.

Prices

The cash amount one needs to spend to obtain a good, service, or asset.