Case-Based Critical Thinking Question

question 71

Multiple Choice

Case-Based Critical Thinking Question
Case 1-1
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Tom has just started working as an intern for a local radio station.He is responsible for managing the request line and presenting request trends to management each month.Tom uses Microsoft PowerPoint 2016 to create his presentations.
Tom wants to change the overall look of the slides, so he chooses a new ____.

• A)design
• B)theme
• C)style
• D)color scheme

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Definitions:

Third-Degree Price Discrimination

A pricing strategy where a seller charges different prices to different consumer groups based on their elasticity of demand.

Profits Maximization

Aiming to achieve the highest possible profits through decision-making related to business operations and finance.

Price Elasticity

A measure of how much the demand for a good or service changes in response to a change in its price.

Marginal Cost

The extra expense associated with manufacturing an additional unit of a product or service.