Which of the Following Is NOT a Promotion Method

question 31

Multiple Choice

Which of the following is NOT a promotion method?

• A) mass selling
• B) personal selling
• C) sales promotion
• D) All of the above are promotion methods.
• E) None of the above are promotion methods.

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Definitions:

Long-Run Adjustment

The process by which firms adjust their production capacity and input usage to new market conditions over time, beyond short-term fluctuations.

Returns To Scale

Rate at which output increases as inputs are increased proportionately.

Increasing Marginal Product

A situation where each additional unit of input results in an increased amount of output.

Economic Rents

Extra earnings above the minimum amount necessary to keep a factor of production in its current use.