In a Centralized Organizational Arrangement,the _____ Department Is Responsible for Developing

question 54

Multiple Choice

In a centralized organizational arrangement,the _____ department is responsible for developing promotional plans that will be approved by management and recommending a promotions program based on the overall marketing plan,objectives,and budget.

• A)production
• B)marketing
• C)sales
• D)advertising
• E)product planning

---

Definitions:

Elastic Supply

A condition where the quantity supplied of a good changes significantly due to a slight change in its price.

Subsidy

A financial aid or support extended by the government to an economic sector, business, or individual, often aimed at promoting economic and social policies.

Elasticity of Demand

An analysis of consumer demand's elasticity in relation to the pricing of a commodity.

Subsidy

Financial support extended by the government to an economic sector (or institution, business, or individual) with the aim of promoting economic and social policy.