• Because of----, businesses are forced to be competitive:
•
Both internet and E-commerce
2
Milton Friedman’s famous maxim, paraphrased: The social responsibility of business is to:
•
Make a profit
• 3
An income gained from business activities, this term means the gross (before taxes, expenses,
etc.):
•
Revenue
• 4
The point with the largest vertical distance between the total revenue and total costs represents
the point at which:
•
Production is optimized and profitability peaks
• 5
The most difficult part of marketing mix is:
•
Pricing
• 6
Self-actualization is NOT:
•
Buying a Mercedes
7
The Robinson-Patman Act:
Both a and b
8
The ROI equation does not:
•
Both internet and E-commerce
2
Milton Friedman’s famous maxim, paraphrased: The social responsibility of business is to:
•
Make a profit
• 3
An income gained from business activities, this term means the gross (before taxes, expenses,
etc.):
•
Revenue
• 4
The point with the largest vertical distance between the total revenue and total costs represents
the point at which:
•
Production is optimized and profitability peaks
• 5
The most difficult part of marketing mix is:
•
Pricing
• 6
Self-actualization is NOT:
•
Buying a Mercedes
7
The Robinson-Patman Act:
Both a and b
8
The ROI equation does not:
