The Text's "Toddler University" Example Shows That

question 119

Multiple Choice

The text's "Toddler University" example shows that:

• A) parents are not price sensitive when it comes to assuring that their kids will get a good college education.
• B) the needs of a target market determine the nature of the appropriate marketing mix.
• C) a small producer can't compete effectively against large competitors.
• D) in the long run, a firm cannot make a profit without its own production facilities.
• E) All of these are true.

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Definitions:

Daniel Ellsberg

A former United States military analyst who, during the Vietnam War, released the Pentagon Papers, a top-secret Department of Defense study of U.S. political and military involvement in Vietnam, to the public.

South Vietnamese President

The head of state of South Vietnam, officially known as the Republic of Vietnam, during its existence from 1955 until its fall to North Vietnam in 1975.

Thieu

Nguyen Van Thieu was a South Vietnamese military officer and political leader who served as president of South Vietnam from 1965 to 1975.

ARVN

ARVN stands for the Army of the Republic of Vietnam; it was the military force of the South Vietnamese government during the Vietnam War.