Which of the Following Should Be Considered When Determining the Formality

question 56

Multiple Choice

Which of the following should be considered when determining the formality of a goodwill message?

• A) Cost
• B) Timeliness in sending the message
• C) Length of message
• D) Familiarity with the receiver

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Definitions:

Profit-maximizing

Refers to the process by which a company determines the price and output level that returns the greatest profit.

MR = MC

An economic principle stating that optimal production level is reached when marginal revenue equals marginal cost.

Marginal Cost

The cost required to produce a subsequent unit of a product or service.

Marginal Cost Curve

A graphical representation showing how the cost of producing one additional unit of a good changes as production volume changes.