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Profit Maximization Budget Setting for Advertising

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following focuses on reaching a specific demographic?

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1. What is the formula for profit maximization?

2. How should advertising be viewed by a business owner?

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About This Quiz & Worksheet

Using the quiz/worksheet combo, check your knowledge of profit maximization budget setting for advertising. For the quiz, you should know about the formula for profit maximization and what's involved in advertising.

Quiz & Worksheet Goals

Take the quiz to see what you know about:

  • The money invested in promotion compared to the amount of revenue generated
  • Things involved in advertising
  • Something that focuses on reaching a specific demographic
  • The formula for profit maximization
  • How advertising should be viewed by a business owner

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the lesson on profit maximization budgets
  • Information recall - access the knowledge you have gained about the formula for profit maximization
  • Interpreting information - verify that you can read information about components of advertising and interpret it correctly

Additional Learning

In order to learn more, use the lesson called Profit Maximization Budget Setting for Advertising. Using this lesson, you can cover more about:

  • The importance of advertising
  • Goals of profit maximization
  • How to be successful at advertising
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