Which Product Category Was One of the First to Successfully

question 31

Multiple Choice

Which product category was one of the first to successfully use sales promotion in the early nineteenth century?

• A)bottled water
• B)cereal
• C)gum
• D)energy drinks
• E)automobiles

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Definitions:

Apples And Bananas

A phrase indicating comparison or choice between two different items, often used to illustrate the concept of preference or trade-off in economics.

Utility Function

a mathematical representation in economics of a consumer's preference ranking over a set of goods or services.

Indifference Curve

A graphical representation showing combinations of goods or services among which a consumer is indifferent, signifying equal levels of utility.

Slope

The measure of the steepness or incline of a line, defined mathematically as the ratio of the vertical change to the horizontal change between two points on the line.