The Set of Technology Tools Used to Support and Operate

question 8

Multiple Choice

The set of technology tools used to support and operate marketing activities is referred to as ______.

• A) marketing convergence
• B) marketing mix
• C) marketing technology stack
• D) marketing concept process

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Definitions:

Marginal Cost

The increase or decrease in the total cost that arises from producing one additional unit of a good or service.

Average Variable Cost

The per-unit variable cost, found by dividing the total variable expenses by the amount of output generated.

Marginal Cost

The cost of producing one additional unit of a good or service, which is used in decision-making about output levels.

Marginal Cost

Marginal Cost is the cost incurred by producing one additional unit of a product or service.