Responsiveness to Market Intelligence Involves All of the Following Except

question 7

Multiple Choice

Responsiveness to market intelligence involves all of the following except

• A)selection of target markets.
• B)development of products/services that address customer needs.
• C)positioning products in a way that produces both customer satisfaction and customer loyalty.
• D)commitment to execution.
• E)providing feedback to customers.

---

Definitions:

Average Fixed Cost

The fixed costs of production divided by the quantity of output produced, which decreases as more units are produced.

Output Level

The quantity of goods or services produced by a firm, industry, or economy in a given time period.

Profit-Maximizing Output

The level of production at which a firm achieves the highest possible profit.

Marginal Cost

The cost of producing one additional unit of a product or service.