What Is a Difference Between Place and Promotion

question 23

Multiple Choice

What is a difference between place and promotion?

• A)Place is the production of the product, and promotion is how the product is distributed.
• B)Place is the distribution and logistics, and promotion is packaging of the product.
• C)Place is the distribution and logistics, and promotion is the communication to the customer.
• D)Place is the location of the pricing, and promotion is the communication to the customer.

---

Definitions:

Meals

The portioned eating occasions in a day typically including breakfast, lunch, and dinner, and sometimes snacks, consisting of prepared food.

Cost Function

A mathematical relationship that describes how production costs change with changes in the volume of production.

Snow Removal

The process of removing snow after a snowfall to make travel easier and safer.

Long-Run Equilibrium

A state in which all factors of production and costs are variable, allowing firms to make adjustments so that supply equals demand, resulting in no economic profit in perfect competition.