Blake Took a Marketing Class at the Local Community College

question 263

Multiple Choice

Blake took a marketing class at the local community college before starting his landscape business. He decided that his time would be better utilized in this class because if he could learn to sell his services well, the revenues and profits would follow. Your assessment of his plan might include which of the following?

• A) Blake understands that marketing is the lifeblood of the company, and he is right on track with his approach.
• B) Blake has elected to operate like a virtual company and leave various parts of the business including accounting, environmental trends scanning, and management to outsourcers.
• C) Blake knows that increasing revenues will always keep the business profitable and in a positive cash position.
• D) Blake needs to realize that the ability to understand and interpret financial statements provided by his accountant might enhance his profits.

Understand the unique role and nature of administrative agencies within the government structure.

Comprehend the creation, organization, and powers of administrative agencies.

Grasp the concept of separation of powers and how it applies to administrative agencies.

Identify and differentiate between executive and independent administrative agencies.

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Definitions:

Total Utility

The overall satisfaction or pleasure a person derives from consuming a certain amount of goods or services.

Marginal Utility

The additional satisfaction or utility received by consuming one more unit of a good or service.

Total Utility

The overall pleasure or value derived by using a certain amount of an item or service.

Marginal Utility

The extra pleasure or benefit a buyer receives from purchasing an additional unit of a product or service.