Your Message Is Inaccurate If You

question 51

Multiple Choice

Your message is inaccurate if you

• A) include the who, what, when, where, and why.
• B) omit something important that readers should know.
• C) take care with the mechanics.
• D) truthfully present the facts and figures.
• E) present information without manipulating your readers.

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Definitions:

Price Elasticity

A metric that assesses the extent to which the amount of a product demanded changes with a price change.

Total Revenue

The total income received by a firm from selling its goods or services, calculated as the price per unit times the number of units sold.

Total Revenue

The total amount of money a company generates from the sale of goods or services before any expenses are subtracted.

Demand Elastic

Refers to how sensitive the quantity demanded of a good is to a change in its price; high elasticity indicates consumers will significantly alter their demand in response to price changes.