Which of the Following Is Considered an External Factor That

question 115

Multiple Choice

Which of the following is considered an external factor that may influence the determination of media strategy?

• A)administrative capabilities
• B)the rising costs of media
• C)size of the media budget
• D)delegation of agency tasks
• E)organization of an agency

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Definitions:

Price Decline

A decrease in the cost of goods or services, often resulting from lower demand, increased supply, or external market factors.

Supply Curve

A curve that illustrates the supply for a product by showing how each possible price (on the vertical axis) is associated with a specific quantity supplied (on the horizontal axis).

Equilibrium Price

The price at which the quantity of a product offered is equal to the quantity of the product in demand.

Elasticity Coefficient

A measure that quantifies how a change in one economic variable, such as price, affects the quantity demanded or supplied of another variable.