If a Manager Multiplies the Quantity Sold by the Price

question 4

Multiple Choice

If a manager multiplies the quantity sold by the price paid for each unit,the manager calculates:

• A) total profit.
• B) total revenue.
• C) total cost.
• D) total benefit.

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Definitions:

Initiators

Individuals or groups who identify a need and the potential purchase process begins, setting the buying process in motion within an organization.

Course Management Systems

Software applications that provide the framework and tools needed for online learning and instruction management.

Autocratic

A leadership style characterized by individual control over all decisions and little input from group members.

Buying Center Culture

The collective norms, values, and practices of the group of individuals within an organization who participate in the purchasing decision process.