Which of the Following Explains Why Economic Choices Must Be

question 38

Multiple Choice

Which of the following explains why economic choices must be made?

• A) The factors of production are scarce.
• B) The factors of production are expensive.
• C) The factors of production are used inefficiently.
• D) The factors of production are of inferior quality.

Explain the importance of consumer consent in direct and digital marketing.

Understand brand positioning strategies and their impact on consumer perception.

Understand the concept and stages of the hierarchy of effects.

Identify the strengths and weaknesses of direct marketing and sales promotion in the promotional mix.

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Definitions:

Data Items

Units of data that are manipulated or processed by computer programs, ranging from simple values to complex structures.

Reordered

Refers to changing the sequence or arrangement of items in a collection or series.

Parallel Arrays

Multiple arrays of the same size where each array holds information related to the same indexed elements in the other arrays.

Programming Languages

Programming languages are sets of instructions and rules used to communicate with computers to create software programs and algorithms.