Determine the Relative Maxima and Relative Minima, If Any

question 180

Multiple Choice

Determine the relative maxima and relative minima, if any.

• A) Relative maximum: f(0) = 3; No relative minima
• B) Relative maximum: f(0) = 3; Relative minima: f(3) = 0 and f( - 3) = 0
• C) No relative maxima; Relative minimum: f(3) = 0 and f( - 3) = 0
• D) No relative maxima or minima

---

Definitions:

Product Differentiation

Product Differentiation is the process by which companies distinguish their products from those of competitors on aspects like quality, design, or brand.

Price Leadership

A market situation where one leading firm sets the price of goods or services, and other firms in the industry follow suit, typically seen in oligopolies.

Advertising

A form of communication that is typically paid for, aimed at informing or persuading a target audience about products, services, or ideas.

Product Differentiation

The strategy of setting a product or service apart from those in the market to enhance its desirability to a certain target group.