________ Is/are the Only Form of Promotion That Is Free

question 140

Multiple Choice

________ is/are the only form of promotion that is free.

• A) Personal selling
• B) Public relations
• C) Publicity
• D) Sales promotions

Understand the concept and rationale behind price discrimination in monopolies.

Analyze how price discrimination affects production quantity and profit in monopolistic markets.

Identify the differences in demand elasticity and how they influence price discrimination strategies.

Differentiate between price discriminating and nondiscriminating monopolists regarding output and profitability.

---

Definitions:

Step-Down Method

An accounting method used to allocate the costs of service departments to producing departments and other service departments in a sequence.

Support Departments

Units within an organization that provide essential services or support to the core operational departments but do not directly contribute to revenue.

Projected Long-Run Needs

Anticipated requirements of a business over an extended period, which influence operational and strategic planning.

Capital Budget

A budget for major capital, or investment, expenditures that are used to acquire or upgrade physical assets such as property and equipment.