Simplify: -3 + 8

question 60

Short Answer

Simplify: -3 + 8

Identify the significance of segmentation, targeting, and positioning (STP) in marketing.

Understand the concept of exchange in the marketing context.

Grasp the distinctions between goods and services in the marketing realm.

Acknowledge the influence of technology on modern marketing practices.

---

Definitions:

Fixed Costs

Static expenses that are independent of production or sales volumes, including costs like rental fees, salary payments, and insurance.

Selling Prices

The amount a customer pays to purchase a product or service from a seller.

Variable Costs

Expenses that vary with the amount of output or sales.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent or salaries.