Brad, One of the Managers of a Multi-National Company, Is

question 71

Multiple Choice

Brad, one of the managers of a multi-national company, is responsible to generate revenues and control costs in order to increase the operating income of his division. However, he is not concerned with investment-related decisions. Brad is most likely to be the manager of a(n) :

• A)cost center.
• B)investment center.
• C)profit center.
• D)revenue center.

Analyze the profits maximization condition in a perfectly competitive market.

Comprehend the relationship between total revenue, total cost, and profit maximization.

Understand market dynamics and the effect of price changes on firm's production decisions.

Identify the characteristics of a perfectly competitive market structure.

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Definitions:

Marketing Exchanges

Transactions in which values are exchanged between a buyer and a seller, typically involving products, services, and/or information.

B2B

Business-to-Business, a type of commercial transaction between businesses, such as one involving a manufacturer and wholesaler or a wholesaler and retailer.

C2C

Consumer-to-consumer, a business model whereby consumers trade with each other, typically through an online platform.

B2C

Business-to-Consumer (B2C) refers to the process of selling products and services directly from businesses to the end-users or consumers.