As a Part of a Marketing Cost Analysis,the Activities of Order

question 59

Multiple Choice

As a part of a marketing cost analysis,the activities of order filling and shipping are _______________ costs.

• A)Partially indirect.
• B)Totally indirect.
• C)Totally direct.
• D)Intermediate.
• E)Fixed direct.

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Definitions:

Demand

The measure of a commodity or service consumers intend and are able to acquire at multiple price levels during a set time span.

Economic Profits

Profits exceeding the opportunity costs of all resources employed, including both explicit and implicit costs, signifying above-normal returns.

Long Run

An economic term referring to a period in which all factors of production and costs are variable, allowing for full adjustment to changes in the market.

Price-taking

A market condition in which individual buyers or sellers have no influence over the market price of a product, commonly seen in perfectly competitive markets.