Today the Four Ps Are Compared to the Four Cs

question 117

Short Answer

Today the four Ps are compared to the four Cs.Product and place are called ________ and ________,respectively.

---

Definitions:

Domestic Price

The price of goods and services within a specific country, determined by local supply and demand conditions.

Export Supply Curve

A graphical representation showing how the quantity of goods a country exports changes in response to changes in the price of those goods.

Domestic Opportunity Cost

The cost of forgoing the best alternative use of resources within a country.

Producing

The act of creating goods or services through the combination of labor, materials, and technology.