Which of the Following Refers to Altering a Basic Product

question 21

Multiple Choice

Which of the following refers to altering a basic product to meet local conditions?

• A) Product invention
• B) Promotion adaptation
• C) Product adaptation
• D) Global marketing standardization

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Definitions:

Fixed Costs

Expenses that do not change with the level of goods or services produced by the business, such as rent, salaries, and insurance premiums.

Break-even Sales

The amount of revenue from sales that exactly covers fixed and variable costs, resulting in neither profit nor loss.

Fixed Costs

Expenses that do not change with the level of output or production, such as rent, salaries, and insurance premiums.

Break-even Point

The point at which total costs equal total revenues, indicating that a business is neither making a profit nor a loss.