Promoting a Product or Service

question 14

Short Answer

Promoting a product or service.Press releases or events that increase public awareness of a firm's brands can be pursued through public relations.

Analyze the short-run and long-run effects of changes in demand and supply on market equilibrium.

Identify the conditions for long-run equilibrium in competitive markets.

Distinguish between short-run and long-run equilibria in relation to firm and market responses.

Interpret how changes in market conditions (demand or supply) affect prices and quantities in both short-run and long-run scenarios.

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Definitions:

Web-Based Call Centers

call centers that use web technologies to handle customer inquiries and services, allowing for operations and support via the internet.

Customer Care Centers

Dedicated facilities or departments within a company that handle customer inquiries, complaints, and support services, often via telephone, email, and other communication channels.

Search Engines

Web-based tools that enable users to find information on the Internet by typing keywords or phrases.

Automatic Translators

Automatic translators are software or online tools that translate text or speech from one language to another using algorithms and natural language processing techniques.