"Place" Decisions

question 169

Multiple Choice

"Place" decisions:

• A) may focus on the location of retail stores and wholesale facilities.
• B) may focus on the selection and use of intermediaries and collaborators.
• C) can be aided by knowing about the product classes.
• D) are harder to change than Product, Promotion, or Price decisions.
• E) All of these choices are correct.

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Definitions:

Fixed Costs

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.

After-tax Profit

The net income remaining after all taxes have been deducted from total revenue.

NAICS Codes

North American Industrial Classification System codes that use numerical values to identify industries.

NAFTA Region

Refers to the geographic and economic region under the North American Free Trade Agreement, encompassing Canada, the United States, and Mexico.