Efforts to Establish and Maintain a Company's Image with the Public

question 24

Multiple Choice

Efforts to establish and maintain a company's image with the public are referred to as ________.

• A) open relations
• B) public relations
• C) civic relations
• D) community relations
• E) advertising

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Definitions:

Output Quantity

The total amount of a product or service produced by a company or industry.

Rent-seeking

The practice of gaining economic advantage by manipulating the social or political environment in which economic activities occur, instead of by creating new wealth.

Patent Protection

A legal right granted by the government to an inventor, giving them the exclusive right to make, use, or sell their invention for a certain period.

Antitrust Laws

Legislation intended to promote competition and prevent monopolies or unfair practices that restrain trade.