As Macro-Marketing Systems Improve Worldwide

question 88

Multiple Choice

As macro-marketing systems improve worldwide,

• A)there will be greater monopolization.
• B)poverty in industrialized nations will increase.
• C)there will be fewer competitors worldwide.
• D)the price of products will rise steeply.
• E)more consumers will have income to buy products.

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Definitions:

Machine Hour

This term typically refers to the amount of time a machine is operating or available for production in a manufacturing process.

Cost-volume-profit Analysis

A managerial accounting method used to estimate the impact of different levels of cost and volume on operating profit.

Mixed Costs

Expenses that have both fixed and variable components, changing in total with activity level but not directly proportional.

Variable Costs

Variable costs are expenses that change in proportion to the activity or volume of a business, such as raw materials and labor costs that vary with production levels.