Regarding Promotion Methods,which of the Following Statements Is TRUE

question 68

Multiple Choice

Regarding promotion methods,which of the following statements is TRUE?

• A) Personal selling can provide immediate feedback.
• B) Publicity is any paid form of nonpersonal presentation of ideas, goods, or services.
• C) Advertising is usually more tailored to the individual needs and attitudes of target customers than personal selling.
• D) Sales promotion activities produce results very slowly compared to advertising.
• E) Advertising is the most expensive form of promotion method.

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Definitions:

Identical

Identical means exactly the same, without any difference in form, nature, or substance, often used to describe objects, products, or entities.

Long-run Equilibrium

A state in which all factors of production and inputs in a market are fully adjusted to the market conditions, allowing for steady-state operation without excess supply or demand.

Perfectly Competitive

A market structure characterized by a large number of small firms, homogeneous products, and no barriers to entry or exit.

Price

The capital needed to purchase a particular good or service.