Marketing Departments Do NOT Serve Which of the Following Functions

question 66

Multiple Choice

Marketing departments do NOT serve which of the following functions?

• A)establish desirable pricing strategies
• B)establish meaningful relationships with customers to instill loyalty
• C)determine what products to produce and what products not to produce
• D)promote an organization by persuading customers that their products are the best

---

Definitions:

ATC

Average Total Cost, the total cost per unit of output calculated by dividing the total cost by the quantity produced.

Economic Profit

The gap between the total amount earned and the aggregate of all charges, considering both out-of-pocket and hidden expenses.

Pure Monopolist

A market participant that is the sole seller of a product or service, having significant control over its price.

Marginal Cost

Marginal cost is the additional cost incurred by producing one more unit of a good or service, a critical concept for understanding production decisions.