When US Soldiers Returned Home from World War II, They Influenced

question 34

Multiple Choice

When U.S. soldiers returned home from World War II, they influenced the marketing of products by ________.

• A)refusing to purchase any products made in the United States
• B)taking an innovative approach to marketing when they took jobs in advertising agencies
• C)getting married, starting families, and having the willingness to spend money
• D)being easily convinced to purchase new products on the market

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Definitions:

Nonlabor Resources

Inputs used in the production of goods and services that do not involve human labor, such as land, machinery, and materials.

Accounting Profits

The total revenue of a business minus the explicit costs; it is the net income reported on the financial statement.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs.