The surplus caused by a binding price floor will be greatest if ?
A. demand is inelastic and supply in elastic
B. supply is inelastic, and demand is elastic
C. both supply and demand are elastic
D. both supply and demand are inelastic
A. demand is inelastic and supply in elastic
B. supply is inelastic, and demand is elastic
C. both supply and demand are elastic
D. both supply and demand are inelastic
A. cash item
B. import item
C. export item
D. None of these
A. Licensed brands
B. Manufacturer’s brand
C. Private brand
D. Co-brand
A. marketing provides a guiding philosophy
B. marketing is the only discipline that can provide a formal structure for the planning effort
C. marketing provides inputs to strategic planners by helg to identify attractive market opportunities
D. within individual business units marketing designs strategies for reaching the unit’s objectives
A. labor, land, and capital
B. water, earth and knowledge
C. money, stocks and bonds.
D. management finance and marketing
A. The promotion mix
B. Integrated international affairs
C. Integrated marketing communications
D. Integrated demand characteristics
A. Australia
B. China
C. Canada
D. Russia