According to Functionalists, Which of the Following Is a Latent

question 67

Multiple Choice

According to functionalists, which of the following is a latent function of education?

• A) It is good for business.
• B) It is a source of knowledge.
• C) It increases cultural integration.
• D) It promotes cultural innovation.
• E) It benefits taxpayers.

Recognize the importance and functions of customer relationship management (CRM) in marketing.

Understand the concept and application of segmentation, targeting, and positioning (STP) in marketing strategy.

Explain the use of customer-oriented metrics in evaluating marketing effectiveness.

Understand the impact of technology on the decline of mass media advertising.

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Definitions:

Output

Refers to the quantity of products or services produced by a business, industry, or economy.

Marginal Cost

The increase in total cost that arises from an increase in production by one additional unit.

Average Variable Cost

The total variable cost of production divided by the quantity of output produced, representing the average cost of each unit of output when only variable costs are considered.

Cost-Minimizing Firm

A business entity that seeks to achieve production at the lowest possible cost.