A Firm Can Choose a Quantity of Output, and the Price

question 14

Multiple Choice

A firm can choose a quantity of output, and the price is then determined by

• A)the government.
• B)the supply schedule.
• C)consumers' demand.
• D)the average cost.

---

Definitions:

Personal Selling

A direct form of selling where salespeople interact face-to-face with the customers to explain and sell their products or services.

Marketing Communications

The various methods and channels used by a company to convey its marketing messages to the target audience, including advertising, public relations, social media, and more.

Ultimate Goal

The final aim or objective intended to be achieved in any given project or strategy.

Sales Promotions

Short-term incentives or events designed to increase interest, enhance product demand, or stimulate sales of a product or service.