The Price of a Computer Fell 30% This Year

question 8

Multiple Choice

The price of a computer fell 30% this year. If the computer now costs $525, how much did it cost last year?

• A)$730
• B)$760
• C)$720
• D)$740
• E)$750

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Definitions:

Marketing

The process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods, services, or information, often involving the coordination of product development, pricing, promotion, and distribution.

Marketing Plan

A comprehensive document or blueprint that outlines an organization's advertising and marketing efforts for the coming period, detailing strategies for reaching target markets.

Marketing Activities

Tasks and strategies undertaken by companies to promote and sell their products or services, including advertising, sales promotions, and public relations.

Marketing Channel Management

Involves overseeing the process by which goods and services are moved from producer to consumer, including distribution networks and retail outlets.