Suppose You Are Told That Sales This Year Are 30

question 151

Multiple Choice

Suppose you are told that sales this year are 30% higher than they were six years ago.What has been the average annual increase in sales over the past six years?

• A)5.0%
• B)4.5%
• C)4%
• D)3.5%

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Definitions:

Cadillac Dealer

An authorized seller and service provider for Cadillac brand vehicles.

Marketing-Mix Strategy

A plan of action that utilizes the combination of product, price, place, and promotion to market and sell a product effectively.

Target Audience

The target audience is a specific group of consumers identified as the recipients of a particular marketing message or campaign, based on various demographic, psychographic, and behavioral criteria.

Vogue

The prevailing fashion, practice, or style during a particular time, often in the context of clothing, music, or other aspects of culture.