Which of the Following Would Be Visible in Relationship Marketing

question 233

Multiple Choice

Which of the following would be visible in relationship marketing?

• A)Focus on producing high quality goods
• B)Sales orientation
• C)Companywide consumer orientation
• D)Strategic alliances

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Definitions:

Average Total Costs

The total cost of production (fixed plus variable costs) divided by the total quantity of output, indicating the cost per unit of output.

Variable Costs

Costs that change in proportion to the level of output or activity.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.

Economic Profits

Profits exceeding the total opportunity costs of a business, indicating it is outperforming its next best alternative.