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Author Question: Promotion is one dimension to competition. It represents a. The designing of a firm's product b. ... (Read 43 times)

penza

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on: Jul 1, 2018
Promotion is one dimension to competition. It represents
 a. The designing of a firm's product
  b. Firm's product distribution decisions
  c. Any expenditure that assist in increasing the demand for a firm's product
  d. None of the above

Question 2

Long distance telephone service has become a competitive market. The average cost per call is 0.05 a minute, and it's declining. The likely reason for the declining price for long distance service is:
 a. Governmental pressure to lower the price
  b. Reduced demand for long distance service
  c. Entry into this industry pushes prices down
  d. Lower price for a barrel of crude oil
  e. Increased cost of providing long distance service


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tandmlomax84

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

c


penza

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

AmberC1996

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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