Which of the Following Must All Organizations Create in Order

question 65

Multiple Choice

Which of the following must all organizations create in order to survive?

• A) a variety of goods or services
• B) utility
• C) an environment of ethics and social consciousness
• D) advertising, salesmanship, and consumer-focused sales promotion

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Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount they actually pay.

Marginal Cost

The expenditure required to create one more unit of a product.