Multiple Choice (2pts, each. 40 pts, total 1. What is the study of how wealth is created and distributed? A Economics B. Math C Business management D. Marketing 2. Which of the following twvolves selecting mode of transport of goods? A Warehousing B. Marketing mix C. Transportation D. Storage 3. Which of the following is a disadvantage of advertising in a magazine? A. Too much color ink B. Lack of imagery C Prestige D. High costs 4. Which of the following is an advantage of social media advertising? A. Concerns about security B. Real time analytics C. Difficulty hitting precise target D. Measurement abilities 5. When a relaxing Wednesday night is met with a knock on the door by a Verizon FiOS salesperson, this is an act of: A. Door-to-door sales B. Direct marketing C. Indirect sales strategy D. Substantial irritation 6. The is a series of stages where product revenue increases, peaks, and ultimately declines. A. Product life cycle B. Coupon advertisements C. Pricing life cycle D. Product stages