The Functional Level,the Marketing Department

question 214

Multiple Choice

the functional level,the marketing department

• A) solicits talent from all levels of the organization for strategic corporate planning sessions.
• B) promotes its goals to the organization's stakeholders.
• C) looks outward, keeping the organization focused on creating value both for it and its customers.
• D) develops the corporate culture.
• E) defines the overall strategic direction of the organization.

---

Definitions:

Marginal Cost

The cost of producing one additional unit of a good or service, crucial for decision-making on output levels.

Marginal Revenue

The boost in income achieved by selling an additional unit of a good or service.

Monopolies

Monopolies exist when a single company or entity has exclusive control over a particular market or industry, potentially leading to higher prices and lower-quality products or services due to lack of competition.

Supply Curve

A graph showing the relationship between the price of a good and the amount of it that suppliers are willing to sell, normally upward sloping due to the law of supply.