What is the process that turns marketing plans into marketing actions to accomplish strategic marketing objectives?

Marketing implementation the process that turns marketing plans into marketing

MCQ: If PX > MCX, society gains by ?

1. raising the price of X.
2. production less X
3. Producing more X
4. Increasing the cost of producing X

MCQ: The total cost to society of producing an additional unit of a good or service is the ?

1. marginal damage cost
2. marginal social cost
3. marginal private cost
4. marginal external cost

MCQ: When you consume good Q, not only do you benefit form consuming the good but other people benefit from your consumption as well, if firms produce good Q where P = MC, firms will be producing ?

1. less than the efficient level of output
2. more than the efficient level of output
3. so that consumer surplus is zero
4. the efficient level of output

MCQ: The government increase the minimum wage. The National Association of Fast Food Restaurants hires you to determine the impact that this higher minimum wage will have on it industry. This is an example of ?

1. industry equilibrium analysis
2. specific equilibrium analysis
3. partial equilibrium analysis
4. general equilibrium analysis

MCQ: The conclusion that free, unregulated markets will produce an efficient outcome breaks down if ?

1. households do not have perfect information
2. firms are not price takers in input markets
3. firms are not price takers in the output market
4. all of the above