Use the Following to Answer Questions

question 7

Multiple Choice

Use the following to answer questions:
-(Table: Cost Data) Look at the table Cost Data. The average variable cost of producing 4 purses is:

• A) $190.00.
• B) $140.00.
• C) $47.50.
• D) $35.00.

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Definitions:

Brand Strategy

The long-term plan for the development of a successful brand in order to achieve specific goals.

Brand Name

The unique name given to a product or service by a company to identify and differentiate it in the market.

Brand Mark

A distinct symbol, design, or distinctive coloring or lettering that identifies a brand and differentiates it from others.

Market Share

The percentage of total sales in a market captured by a particular company's product or service.