Unsought Products

question 253

Multiple Choice

Unsought products:

• A) require wide distribution but little promotion.
• B) are generally unprofitable.
• C) should not be marketed.
• D) are products consumers want but can't find.
• E) None of these alternatives is correct.

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Definitions:

Total Variable Cost

The total of all costs that vary with output level in the short run.

Output

The total amount of goods or services produced by a company, industry, or economy within a specific period.

Total Cost

The aggregate cost of producing a given level of output, including both fixed and variable costs.

Output Level

The total quantity of goods or services produced by a firm or industry within a specific period.