Table 24-1 The Table Below Shows the Prices of Baseballs and Baseball

question 100

Multiple Choice

Table 24-1
The table below shows the prices of baseballs and baseball bats for three years.Assume the typical consumer's basket consists of 6 baseballs and 2 baseball bats.

-Refer to Table 24-1.If 2009 is the base year,then the consumer price index was

• A) 83.00 in 2008,100.00 in 2009,and 132.50 in 2010.
• B) 89.97 in 2008,100.00 in 2009,and 117.43 in 2010.
• C) 90.88 in 2008,100.00 in 2009,and 117.43 in 2010.
• D) 169.50 in 2008,186.50 in 2009,and 219.00 in 2010.

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Definitions:

Customer Value Proposition

A business or marketing statement that describes why a customer should buy a product or use a service, summarizing the benefits of the offer.

Protocol

A statement that, before product development begins, identifies a well-defined target market; specific customers’ needs, wants, and preferences; and what the product will be and do to satisfy consumers.

SWOT Analysis

A method of strategic planning that involves identifying the strengths, weaknesses, opportunities, and threats pertinent to business competitiveness or the planning of a project.

Promotion Strategy

The plan and implementation of communication from a company to its audience, aiming to increase awareness, sales, or engagement with a product or service.