Phone-Based Text Messaging Has a Number of Applications in Business,including

question 46

True/False

Phone-based text messaging has a number of applications in business,including marketing,crisis management,security,and customer service.

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Definitions:

MR

Marginal Revenue, the change in total revenue that results from selling one additional unit of a product or service.

MC

The additional cost of producing one more unit of a product or service, known as marginal cost.

Substitute Brands

Brands that offer products or services which consumers may use in place of each other based on preference, price, or availability.

Increase Profits

Strategies or actions taken by a business to boost its earnings above its expenses.