In Terms of the External Marketing Analysis,technology Should Be Thought

question 80

Multiple Choice

In terms of the external marketing analysis,technology should be thought of as

• A)advances in both computerization and communications
• B)advances in computers and related information processing technologies
• C)ways tasks are accomplished and new methods of conducting business
• D)inventions that alter the way sports brands are played or consumed

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Definitions:

AVC

Average Variable Cost refers to the cost of variable inputs divided by the quantity of output produced.

ATC

Average Total Cost; the total cost divided by the quantity produced, representing the cost per unit of output.

AFC

Stands for Average Fixed Cost, which is the fixed costs of production divided by the quantity of output produced.

MC Curve

Marginal cost curve represents how the cost of producing one more unit of a good changes as production scales.