Public Relations Is Communication in News Story Form About an Organization

question 135

True/False

Public relations is communication in news story form about an organization, its products, or both that is transmitted through a mass medium at no charge.

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Definitions:

Inelastic

Describes a market situation where the demand for a product or service is relatively unchanged by price variations.

Elastic

Describes a situation where the quantity demanded of a product or service significantly changes in response to a change in its price.

Demand Curve

A graph showing how the demand for a commodity or service varies with changes in its price.

Quantity Demanded

The total amount of a product that consumers are willing and able to purchase at a given price over a specified period.