Proposals Addressed to Potential Customers and Investors

question 67

Multiple Choice

Proposals addressed to potential customers and investors

• A)are nearly always formal.
• B)rarely include a copy of the RFP.
• C)are less formal than those addressed to internal audiences.
• D)should never include visuals.
• E)should always be single-spaced.

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Definitions:

Profit Maximizing

The process or strategy businesses employ to increase their earnings to the highest possible level.

Monopolist

A single supplier in a market who has exclusive control over a particular good or service, potentially leading to higher prices and lower output.

Marginal Cost

The cost of producing one more unit of a good or service.

Marginal Cost

The increased cost resulting from the production of an extra unit of a good or service.