What happened during the production era?
What will be an ideal response?
Answer: Emphasis was on production. The production concept emphasized producing as many goods as possible because there was an unlimited demand. Producers were small time (farmers, tradesmen), goods were handmade and scarce, and demand was high. This represented a seller's market—a market in which there is more demand for products than there is supply.
Explanation: Emphasis was on production. The production concept emphasized producing as many goods as possible because there was an unlimited demand. Producers were small time (farmers, tradesmen), goods were handmade and scarce, and demand was high. This represented a seller's market—a market in which there is more demand for products than there is supply.
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Depreciation expense is an example of an accrued expense.
Answer the following statement true (T) or false (F)
Outline the steps in developing effective marketing communications
What will be an ideal response?
Which of the following statements is TRUE?
A) Firms can grow externally through mergers and acquisitions. B) A MERGER involves the formation of a new economic unit from two or more units. C) An ACQUISITION usually involves a much larger firm acquiring control of a smaller firm. D) All of the above are true.
All of the following are categories of promotion except:
A. managerial relations. B. advertising. C. public relations. D. personal selling. E. sales promotion.