If Average Total Cost is declining then

Q:

The first step in the marketing research process is to

A) Decide Research Approach	B) Develop Research Plan
C) Define the Problem	D) Collect Relevant Data and Information

Answer & Explanation Answer: C) Define the Problem

Explanation:

Marketing Research Process is a systematic method for planning and executing market research projects to inform business decisions.

The 5 Step Marketing Research Process :

Define the Problem or Opportunity
Develop Your Research Plan
Collect Relevant Data and Information
Analyze Data and Report Findings
Take Action.

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0 1556

Q:

When backed by buying, power wants become

A) demands	B) physical needs
C) exchanges	D) social needs

Answer & Explanation Answer: A) demands

Explanation:

When backed by buying, power wants become demands.

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1 1916

Q:

In contrast to investment, consumption is

A) relatively unstable	B) measurable
C) unmeasurable	D) relatively stable

Answer & Explanation Answer: D) relatively stable

Explanation:

In contrast to investment, consumption is relatively stable.

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0 2205

Q:

The systematic risk of the market is measured by

A) alpha	B) beta
C) gamma	D) All of the above

Answer & Explanation Answer: B) beta

Explanation:

Beta is the measurement of the systematic risk of the market.

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0 1861

Q:

What does in transit to destination mean?

A) on the way for delivery	B) delay in delivery
C) booking processed but not shipped	D) None of the above

Answer & Explanation Answer: A) on the way for delivery

Explanation:

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0 1640

Q:

The relationship between quantity supplied and price is

A) Directly proportional	B) Inverselyproportional
C) Can't be determined	D) None of the above

Answer & Explanation Answer: A) Directly proportional

Explanation:

Price and quantity supplied move in the same direction. As the price decreases, quantity supplied also decreases and viceversa.

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0 1591

Q:

A supply curve slopes upward because

A) an increase in price gives producers an incentive to supply a larger quantity.	B) the quantity supplied of most goods and services increases over time.
C) an increase in input prices increases supply.	D) as more is produced, total cost of production falls.

Answer & Explanation Answer: A) an increase in price gives producers an incentive to supply a larger quantity.

Explanation:

The supply curve slopes upward because for reflecting the higher price needed to cover the higher marginal cost of production.

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0 1695

Q:

In-transit to destination or out for delivery means

Answer

When you give your item to the USPS for delivery, it accepts your item and starts the process of delivery. Transit is a part of the shipment delivery process. When we say that the package is in the transit or in transit to the destination, it means that the package is on the way to the delivery.

A) The Marginal Cost is Less than Average Cost	B) The Total Cost must also be Declining
C) The Marginal Cost is Greater than Average Cost	D) The Average Fixed Cost curve must lie above the average variable cost curve

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