Neo Music Café Regularly Holds Concerts That Feature Upcoming as Well

question 29

Multiple Choice

Neo Music Café regularly holds concerts that feature upcoming as well as well-acclaimed artists.The café is a big hub for music-lovers.However,the café lacks the facility of online booking and only allows booking at the venue.The manager of the café is reluctant to adopt newer technology.This implies that Neo Café has:

• A) a limited view of marketing.
• B) no obsolescence.
• C) a lack of noncreative management.
• D) a lack of strong competition.

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Definitions:

Bushel of Wheat

A unit of measure for volumes of wheat, commonly used in agriculture, equivalent to approximately 60 pounds in the United States.

Profit-Maximizing Quantity

The level of production at which a firm can achieve the highest possible profit, determined by the intersection of marginal cost and marginal revenue.

Power Cords

Electrical cables used to connect an appliance or device to the main electricity supply.

Market Wage Rate

The average or standard amount of compensation paid to workers in a specific market or industry for their labor.