The Attitudes and Behavior Patterns of People Are Part of the

question 119

Multiple Choice

The attitudes and behavior patterns of people are part of the

• A) political environment.
• B) social and cultural environment.
• C) competitive environment.
• D) firm's resources and objectives.
• E) economic and technological environment.

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Definitions:

Variable Cost Per Unit

The cost associated with producing one additional unit of product or service, which varies depending on the level of production or service delivery.

Selling Price Per Unit

The amount at which a single unit of product is offered for sale to customers.

Contribution Margin

The amount by which a product's sales exceed its variable costs; used to cover fixed costs and contribute to profit.

Variable Cost

Costs that vary in direct proportion to changes in levels of activity or volume of goods produced, such as materials and labor.