The Idea of Externalities,meaning That the More People You Get

question 39

Multiple Choice

The idea of externalities,meaning that the more people you get to participate in a market,the more profitable it is,is the basis of .

• A)freenomics
• B)price sensitivity
• C)e- commerce
• D)dynamic pricing
• E)reserve pricing

---

Definitions:

Product Life Cycle

Refers to the stages a product goes through from its introduction into the market, growth in acceptance, maturity, and eventually its decline.

Promotion Needs

Requirements identified by a company to increase awareness or sales of its products through various marketing strategies.

Product Distributions

The process or strategy of making a product available for consumption by distributing it to the end consumer.

Brand

A name, term, design, symbol, or any other feature that identifies one seller's goods or service as distinct from those of other sellers.