A Company Manufactures Soaps

question 21

Multiple Choice

A company manufactures soaps.It selects a small number of retail outlets to distribute the product.This is an example of of the four Ps of marketing.

• A)people
• B)price
• C)place
• D)product
• E)promotion

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Definitions:

Flexible Budget

A budget that adjusts or flexes for changes in the volume of activity, providing a more useful tool for performance evaluation than a static budget.

Other Expenses

Costs that are not directly related to the production of goods or services, such as administrative and marketing expenses.

Planning Budget

A financial plan created to estimate a company’s revenue, expenses, and cash flow for a specific future period.

Refurbishing Materials

Materials used in the process of renovating or restoring products to a like-new condition.