Jacques Torres Chocolate Is a Factory and Retail Store in St.Boniface.Its

question 96

Multiple Choice

Jacques Torres Chocolate is a factory and retail store in St.Boniface.Its owner is willing to try to produce new products when his customers suggest them-such as chili pepper-laced chocolate candy.His only condition is that when he adds new products,his customers have the final say on whether the product is of any value.According to Torres,"If something doesn't move,that's the last time you see it."
-Refer to Jacques Torres Chocolate.What marketing tools does the organization use to achieve its goals?

• A) aggressive promotion
• B) the marketing mix
• C) advertising and personal selling only
• D) production,promotion,and pricing

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Definitions:

Tax

A compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.

Deadweight Loss

An economic inefficiency arising when a good or service fails to meet its free market equilibrium point.

Taxes

Mandatory payments made to the government, taken from individuals' earnings and the profits of businesses, or incorporated into the price of certain products, services, and financial dealings.

Budget Deficit

The financial situation in which a governing body's expenditures exceed its revenues within a given fiscal period, leading to borrowing or debt accumulation.