What Element of the Marketing Program Was Considered When the Owner

question 24

Multiple Choice

What element of the marketing program was considered when the owner of Cakesandbakes decided initially to market the cake mixes in a limited number of organic food stores?

• A)product
• B)price
• C)promotion
• D)place

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Definitions:

Money Income

The total earnings received by an individual or household, including wages, salaries, and other income forms, usually before taxes.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given income and prices.

Good X

generally refers to an unspecified product or commodity in economic models or discussions.

Budget Line

Represents the combination of goods and services that a consumer can purchase with a given budget at set prices.