Brand Briefcases Are Very Expensive,high-End Briefcases That Are Generally Sold

question 46

Multiple Choice

brand briefcases are very expensive,high-end briefcases that are generally sold in specialty luggage shops.Which of the following groups would be the most likely target market for TUMI brand briefcases?

• A) police officers
• B) executives
• C) construction workers
• D) postal workers
• E) students

---

Definitions:

Profit Maximizing

A strategy or process aimed at achieving the highest possible profit from business operations.

Technology Improvement

Enhancements or advancements in technology that lead to more efficient processes or better quality outcomes.

MC

Stands for Marginal Cost, which is the cost incurred by producing one additional unit of a good or service.

Output

The quantity of goods or services produced within a given time period by a firm, sector, or economy.