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Matching -Medulla

question 8

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Matching
-Medulla

Recognize the impact of PR on public perception and credibility.
Identify the historical evolution and primary focus areas of public relations.
Describe corporate social responsibility (CSR) and its importance to business strategy.
Understand the influence of sustainability and CSR on company reputation and stakeholder relationships.

Definitions:

Demand Curve

A visual diagram that illustrates how the quantity of a product demanded by buyers correlates with its price.

Marginal Revenue Curve

A graphical representation showing the additional income generated from the sale of one more unit of a good or service.

Average Variable Cost

Variable expenses, which fluctuate based on production volume, per unit of output.

Long-run Equilibrium

A state in which all aspects of the market, including supply and demand, production capacity, and price levels, are in balance and expected to remain so.

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