From an Economic Perspective,when Consumers Leave a Fast Food Restaurant

question 116

Multiple Choice

From an economic perspective,when consumers leave a fast food restaurant because the lines to be served are too long,they have concluded the:

• A) marginal cost of waiting is less than the marginal benefit of being served.
• B) marginal cost of waiting is greater than the marginal benefit of being served.
• C) management is exhibiting irrational behavior by not maximizing profits.
• D) management is making an assumption that other things are equal.

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Definitions:

Audience's Needs

The requirements or expectations of the intended recipients of a message or product, crucial for effective communication and satisfaction.

Corporate Voice

The collective style, tone, and language used by a company in its communications, reflecting its brand identity.

Communities of Practice

Collectives of people bonded over a shared enthusiasm or goal, improving in their endeavors through consistent engagement.

Brand Communities

Groups of customers and enthusiasts who are devoted to a specific brand and its products, often engaging with each other and the brand in social settings.