________ Is an Important Part of the Total Product Offer

question 98

Multiple Choice

________ is an important part of the total product offer for a product.

• A) Consumer income
• B) Management style
• C) Employee personality
• D) Packaging

---

Definitions:

Downward-Sloping

Characteristic of a graph or curve that shows a decrease in one variable as another variable increases, commonly seen in demand curves.

Marginal Revenue

The extra revenue earned by selling an additional unit of a product or service.

Demand Curve

A graphical representation showing the relationship between the price of a good and the amount of it that consumers are willing and able to purchase at each possible price.

Marginal Revenue

The increase in total revenue that results from selling one additional unit of a product or service.