A Company Changes the Packaging of One of Its Existing

question 40

Multiple Choice

A company changes the packaging of one of its existing products to make it more attractive to consumers.The company has improved its product by modifying its _____.

• A)marketing dimensions
• B)attributes
• C)channels of distribution
• D)promotion strategy

---

Definitions:

Supply Curves

A graphical representation of the relationship between the price of a good and the quantity of that good that suppliers are willing to produce and sell, under given conditions.

Marginal Cost

The cost incurred to produce one additional unit of a product or service.

Equilibrium Price

The price at which the quantity of a good demanded equals the quantity of that good supplied.

Tax Implications

The effects that taxes have on the financial outcomes of activities, including the impact on overall costs and benefits in business and personal finance.