Marketing expenses and investments as inputs can be quantified only in the long run, whereas the resulting outputs such as broader brand awareness, enhanced brand image, greater customer loyalty, and improved new product prospects manifest themselves

in the short run.
Indicate whether the statement is true or false

FALSE

Business

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The YMCA and Gold's Gym engage in ________ competition when they both try to attract customers to buy their fitness center services

A) discretionary income B) product C) brand D) monopolistic E) oligopolistic

Business

Black economy is most likely to be prevalent when:

A. large amounts of economic activity are in the form of legally recorded cash transactions. B. people engage in barter agreements to avoid paying taxes. C. a country's GNI per capita exceeds $30,000. D. the expenses of the government are less than its income. E. a country is in trade surplus with another foreign country.

Business