In a Market System,which of the Following Factors Determines a Consumers's

question 36

Multiple Choice

In a market system,which of the following factors determines a consumers's ability to pay for a good or service?

• A)Technology
• B)Consumer's income
• C)Cost of production
• D)Consumer's wants
• E)Market supply

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Definitions:

Flighting

An advertising scheduling strategy that involves alternating periods of advertising activity and inactivity.

Advertising Schedule

A plan that outlines the timing and frequency of advertising efforts over a certain period.

Media Plan

A strategic document outlining how a company will use various media channels to achieve its marketing goals, including selection of media outlets, scheduling, and budgeting.

Media Mix

The strategic combination of different advertising media channels and types to achieve marketing goals.