Which of the Following Is the Two-Way Flow of Communication

question 4

Multiple Choice

Which of the following is the two-way flow of communication between a buyer and a seller that is designed to influence the buyer's purchase decision?

• A)co-operative selling
• B)personal selling
• C)trade promotion
• D)mass broadcasting
• E)consumer promotion

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Definitions:

Equilibrium Quantity

The amount of goods or services supplied that is equal to the amount demanded at the market equilibrium price.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, leading to market equilibrium.

Equilibrium Quantity

The quantity of goods or services supplied is equal to the quantity demanded at the market price.

Consumer Surplus

The difference between the highest price a consumer is willing to pay for a good or service and the actual market price they pay.