How are the following prices determined and what do they


1. How are the following prices determined and what do they have in common?

a. admission to local commuity college

b. tuition at a community college

c. local sales tax rate

d. printing of programs for a baseball stadium

e. lawn mowers

2. Which of the following is true of a marketing audit?

a. It is directly involved in the process of creating a unified operating plan that ensures a company-wide focus on achieving goals.

b. It does not include sufficient metrics to measure the success of a product.

c. It includes both quantitative and qualitative data from all the stakeholders of a business.

d. It always comprises only of general metrics like marketing return on investment and profitability sharing.

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