Market Failures Occur When

question 227

Multiple Choice

Market failures occur when

• A) externalities exist.
• B) wages increase.
• C) there is an increase in demand.
• D) there is a change in quantity demanded.

---

Definitions:

Customer Benefit Plan

A strategy designed to outline the advantages or improvements a customer will receive from a product or service.

Marketing Plan

A comprehensive document or blueprint that outlines a company's advertising and marketing efforts for the coming period.

FAB

An acronym for Features, Advantages, and Benefits, a sales strategy that focuses on explaining a product's characteristics and the positive outcomes of using it.

Marketing Plan

A comprehensive document or strategy detailing the actions a company will undertake to promote and sell its products or services.