Which of the Following Is an Example of a Marketing

question 62

Multiple Choice

Which of the following is an example of a marketing source of information for making a purchase decision?

• A) An advertisement for a brand of macaroni and cheese
• B) Previous experience with a car brand
• C) An independent movie review
• D) A friend's review on a brand of doughnuts

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Definitions:

Marginal Cost

The increase or decrease in the total cost that arises from producing one additional unit of a good or service.

Weekly Wage Rate

The amount of compensation a worker receives on a weekly basis for their labor or services.

Elastic Supply

Describes a market situation where the quantity supplied changes significantly due to changes in price.

Marginal Cost

The increase in cost that arises from producing one additional unit of a good or service.