The following chart shows the relationship between marketing and sales. Which of the following statements is TRUE?
I. There is a local minimum when marketing expenditure equals $120.
II. There is a local maximum when marketing expenditure equals $120.
III. There is a global maximum when marketing expenditure equals $160.
A) I only
B) II only
C) III only
D) I and II only
E) II and III only

Question

The following chart shows the relationship between marketing and sales.  Which of the following statements is TRUE?
I. There is a local minimum when marketing expenditure equals $120.
II. There is a local maximum when marketing expenditure equals $120.
III. There is a global maximum when marketing expenditure equals $160.
A) I only 
B) II only 
C) III only 
D) I and II only 
E) II and III only

Quizplus · Accepted Answer

The Answer of The following chart shows the relationship between marketing and sales.  Which of the following statements is TRUE?
I. There is a local minimum when marketing expenditure equals $120.
II. There is a local maximum when marketing expenditure equals $120.
III. There is a global maximum when marketing expenditure equals $160.
A) I only 
B) II only 
C) III only 
D) I and II only 
E) II and III only

The Following Chart Shows the Relationship Between Marketing and Sales