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In Terms of Economic Theory, the Basic Purpose of Promotion

Question 2

Multiple Choice

In terms of economic theory, the basic purpose of promotion is to:


A) make demand for a specific product more elastic.
B) change the shape and location of the demand curve for a company's product.
C) stimulate perfect competition.
D) establish a price at the point where marginal revenue equals marginal cost.
E) make demand elastic when price increases.

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