Which of the Following Is an Example of a Multiple

question 137

Multiple Choice

Which of the following is an example of a multiple products and multiple markets strategy?

• A)College Football magazine selects different covers for essentially the same magazine in order to appeal to different geographic markets in the U.S.
• B)A new movie used several different advertisements.One set of previews showed the action scenes in order to attract one audience, and the other set showed romantic scenes to attract another audience.
• C)Ford manufactures SUVs for those who wish to carry lots of people and pickup trucks for those who wish to carry lots of products.
• D)Arm and Hammer Baking Soda can be used for baking and to remove odors from refrigerators and litter boxes.
• E)Johnson's Baby Oil is advertised as a skin softener for babies and as a makeup remover for women.

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Definitions:

Profit-Maximizing

The process or goal of setting production levels to achieve the highest possible profit based on current market conditions.

Total Cost

The aggregate of all costs, both fixed and variable, incurred in the production of goods or services.

Profit-Maximizing Monopolist

Refers to a monopolistic firm's objective to determine the quantity of output and pricing that leads to the highest possible profits, taking into account the market constraints it faces.

Profit

The financial gain realized when the amount of revenue gained exceeds the expenses, costs, and taxes needed to sustain the operation.