Which Influence Tactic Is Being Used When Marketers Advertise a Limited

question 71

Multiple Choice

Which influence tactic is being used when marketers advertise a limited edition Xbox?

• A)Social proof.
• B)Authority.
• C)Affinity.
• D)Scarcity.
• E)Consistency.

Understand the methods for aggregating individual demands to determine market demand for public goods.

Understand the concept and examples of assault in tort law.

Recognize defamatory actions and the requirements for a defamation claim.

Understand the key elements and examples of malicious prosecution.

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Definitions:

Marginal Product

Marginal product is the increase in output that results from adding one more unit of a specific input, holding all other inputs constant.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Law Of Diminishing Returns

An economic principle stating that if one input in the production of a commodity is increased while all other inputs are held fixed, a point will eventually be reached at which additions of the input yield progressively smaller, or diminishing, increases in output.

Fixed Factor

A resource in the production process that remains constant, regardless of the level of output or production over a certain time period.