Answer:
C. add up the market values of all final goods and services is the correct answer.
Explanation:
- By add up the market values of all final goods and services is a way to compute GDP.
- GDP stands for Gross domestic product and describes the total financial cost of all goods and services produced and traded on the market within a country during a specified time
- GDP is used to estimate economic activity in a country.
- Economists use the Gross domestic product to decide whether the economy is expanding or undergoing a recession.
- GDP is calculated by National agencies.
Some of the major functions of marketing are-
<u>1. Promotion</u>
Promoting fosters emblem cognizance even as educating target audiences on a brand's services or products. It emphasizes introducing ability consumers on your emblem. This function of advertising varies in form, and advertising experts tailor every form to relate to a specific product, brand or target market.
<u>2. Selling</u>
Selling is a feature of advertising and marketing that comprises communicating with capacity customers and pursuing income leads. it's critical for advertising and marketing experts to pursue income leads with subtlety, which facilitates them construct relationships with capacity clients. As verbal exchange with a potential client progresses, a hit marketers can also introduce their product and solution questions customers can also have.
<u>3. Product management</u>
Product control consists of the improvement, design and improvement of products or services. The role of a marketing in product management is to make certain that a completed product meets consumer desires.
<u>4. Pricing</u>
Establishing a fee for a product contains several factors of fee and value. preferably, entrepreneurs find a price between clients' perceptions of a product's cost and the real cost of manufacturing it.
<u>5. Marketing information management</u>
You can optimize your advertising and marketing techniques when you attention on facts and statistics. it is vital to gather and keep statistics, inclusive of client options and demographics. frequently, this records without delay relates in your target market for your products and services.
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Answer: Charging one price at all times for all customers (D)
Explanation:
Price discrimination is a pricing strategy where identical or similar goods or services are sold at different prices by the same producer to the customers. In price discrimination, companies charge customer different prices based on the willingness and ability of the customers to pay.
This can be seen on cinemas as people are charged different prices and airline companies. In the question above, charging a lower price for children, matinees and people over 65years are price discrimination. For price discrimination not to exist, everyone must pay the same price for enjoying similar good or service.
