The Principle of Optimization at the Margin States That ________

question 48

Multiple Choice

The Principle of Optimization at the Margin states that ________.

• A) an optimal alternative has the lowest indirect costs in comparison to other feasible alternatives
• B) an optimal alternative has the highest net benefits in comparison to other feasible alternatives
• C) moving toward the optimal alternative makes the decision maker better off and moving away from it makes him worse off
• D) moving toward the optimal alternative makes the decision maker worse off and moving away from it makes him better off

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Definitions:

Public Relations

The practice of managing and disseminating information from an individual or an organization to the public to influence their perception.

Personal Selling

A direct approach to selling in which a salesperson personally communicates with potential customers to persuade them to purchase a product or service.

SWOT Analysis

A tool for strategic planning that helps in recognizing and comprehending the strengths, weaknesses, opportunities, and threats associated with business competition or the planning of a project.

Threat

A potential cause of harm or adverse effect on someone or something, often used in the context of security, business, or environmental issues.