Tom Goes to the Department Store and Buys Some Detergent

question 24

Multiple Choice

Tom goes to the department store and buys some detergent.Which component of marketing does this describe?

• A)Delivering
• B)Promoting
• C)Communicating
• D)Exchanging
• E)Creating

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Definitions:

Costs Of Production

Costs of production encompass all expenses incurred in creating a product or service, including materials, labor, and overhead.

Firm

A business organization that sells goods or services to make a profit.

Price-Taking Firms

Firms that accept the market price as given and have no power to influence it.

Unrealistic

Lacking consideration of real situations; impractical or idealistic.