If a Profit-Oriented Marketing Manager Doesn't Know the Exact Shape

question 27

Multiple Choice

If a profit-oriented marketing manager doesn't know the exact shape of the firm's demand curve,marginal analysis

• A)is useless.
• B)may be useful anyway because a profitable region usually surrounds the best price.
• C)will suggest the same price as break-even analysis.
• D)suggests that the only sensible approach is to follow the market leader.
• E)None of these answers is correct.

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Definitions:

PLC

Programmable Logic Controller, an industrial digital computer which has been ruggedized and adapted for the control of manufacturing processes.

Specific Input Or Output

A particular signal or data point received (input) by a system or produced (output) by a system, designated for a unique function or process.

Address

A specific location or identifier in memory or storage where data is held, allowing easy access and manipulation of the data.