Sales and market share improvements slow down and eventually decrease no matter how much is spent on advertising and sales promotion. This phenomenon is called the _____.
Fill in the blank(s) with the appropriate word(s).
Ans: advertising response function
Business
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Maxim Computer has a 10 percent of a $250 billion market. Maxim is the low-cost leader and realizes a 20% margin on sales, and marketing, sales, and administrative expenses equal 10% of sales. What are Maxim's sales revenues?
A) $250 billion B) $25 billion C) $5 billion D) $2.5 billion E) $500 million
Business
Which of the following is NOT an element of the marketing mix?
A) place B) purchase C) product D) price E) promotion
Business