The Primary Purpose of Business Writing Is Typically to Inform

question 84

Multiple Choice

The primary purpose of business writing is typically to inform or persuade; a common secondary purpose is to

• A) promote goodwill.
• B) comply with governmental regulations.
• C) create written documentation.
• D) avoid lawsuits.

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Definitions:

Profit-Maximizing Price

The price at which a firm can sell its product to achieve the highest possible profit, considering its cost of production and the market demand.

Restaurant Market

The sector of the economy that deals with the demand and supply of food services offered in settings like cafes, diners, and upscale eateries.

Profit-Maximizing Price

Profit-Maximizing Price is the optimal selling price for a product or service at which a company can achieve the maximum possible profit, balancing between higher prices and the volume of sales.

Restaurant Market

The segment of the economy that includes establishments and services involved in preparing meals, snacks, and beverages for immediate consumption.