Economies of Scale Exist When the ________ a Unit of a Good

question 284

Multiple Choice

Economies of scale exist when the ________ a unit of a good ________.

• A) average cost of producing; falls as its output rate increases
• B) price; falls as its input rate decreases
• C) price; rises as its output rate increases
• D) average cost of producing; rises as its input rate increases

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Definitions:

Message Strategy

is the planning and execution approach behind how a brand communicates its value proposition and key messages to its target audience.

Positioning Statement

A concise description of how a brand or product fits into the market and in the minds of the target consumers, distinguishing it from its competitors.

Integrated Marketing Communications Plan

A strategic approach that unifies all marketing and communication tools, avenues, and sources within a company into a seamless program to maximize the impact on end-users at a minimal cost.

Creative Message Strategy

A marketing approach focused on designing and delivering unique, relevant, and compelling messages to a target audience to achieve specific communication objectives.