An Aid to Implementing a Marketing Plan and Consisting of Four

question 244

Multiple Choice

An aid to implementing a marketing plan and consisting of four columns: (1) the task; (2) the person responsible for completing that task; (3) the date to finish the task;and (4) what is to be delivered is referred to as a(n) __________.

• A)output report
• B)Gantt chart
• C)market plan
• D)action item list
• E)marketing action memo

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Definitions:

Cost Curves

Graphical representations used in economics to show the cost of producing a certain number of goods, highlighting how costs change with different levels of output.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.

Average Cost Curve

A graphical representation that illustrates the cost per unit of output at different levels of production.

Long-run

A period in economics where all factors of production can be varied, and there are no fixed inputs, allowing full adjustment to changes.