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Gekata [30.6K]
3 years ago
7

(Consider This) In 1975, McDonald's introduced its Egg McMuffin breakfast sandwich, which remains popular and profitable today.

This longevity illustrates the idea of _______.
A. opportunity cost.
B. upsloping supply.
C. consumer sovereignty.
D. specialization
Business
1 answer:
Masteriza [31]3 years ago
7 0

Answer:

C. consumer sovereignty.

Explanation:

Consumer sovereignty in economics imply that consumers have the power to determine what will be produced. They do this by demanding for products they want, increasing its supply and demanding less of products they do not want which reduces its supply.

I hope my answer helps you

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Generally, a marketing mix is made up of the four (4) Ps;

1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.

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