Which of the Following Is a Paid Form of Nonpersonal

question 14

Multiple Choice

 Which of the following is a paid form of nonpersonal communication that uses media such as outdoor displays,car cards,or directories to reach out to a target audience?

• A) Direct marketing
• B) Advertising
• C) Personal selling
• D) Sales promotion

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Definitions:

Oligopoly

A market structure characterized by a small number of firms controlling a large portion of the market share, leading to limited competition.

Long-run Equilibrium

A state in which all factors of production and costs are variable, and all firms in an industry are making normal profit, resulting in market stability over time.

Average Total Cost

The total cost of production (fixed and variable costs) divided by the total quantity of output produced.

Profit-maximizing Price

The price at which a firm can sell its product to maximize its profit, determined by market demand and production costs.