Externalities Consist of ___________________

question 16

Multiple Choice

Externalities consist of ___________________.

• A)only external costs
• B)only external benefits
• C)both external costs and external benefits

---

Definitions:

Marketing Concept

A management orientation that focuses on identifying and meeting the needs and desires of consumers.

Transaction

An exchange or transfer of goods, services, or funds between two or more parties.

Customer Needs

The desires, requirements, or necessities that a customer expresses, which a product or service aims to fulfill.

Deprivation

A state of lacking or doing without something considered to be a necessity, often associated with poverty or lack of access to basic resources.