When Liam,a Marketing Manager,drafts an Email to Communicate the Targets

question 39

Multiple Choice

When Liam,a marketing manager,drafts an email to communicate the targets for the upcoming months to his sales team,he is engaged in _____.

• A) ​encoding 
• B) ​preparatory feedback 
• C) ​decoding 
• D) ​selective filtering

---

Definitions:

Firms

Firms are business entities engaged in commercial, industrial, or professional activities, aiming to make a profit by providing goods or services.

Labor Supply Curve

a graphical representation showing the relationship between the wage rate and the quantity of labor workers are willing to supply.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute one good for another more or less expensive one.

Income Effect

Income effect describes the change in an individual's or economy's consumption patterns due to a change in real income.