Question: 8 0 8 . A concave response relationship between a marketing investment ( e . g . , every dollar spent on advertising ) and
A concave response relationship between a marketing investment eg every dollar spent on advertising and a marketing outcome eg every dollar earned in profits indicates that
a the outcome increases with greater marketing investment but at a diminishing rate
b the outcome will always increase as marketing investment increases
c at low level of investment, marketing is ineffective because the level of investment is insufficient to compete, but at a high level of investment, marketing is also ineffective due to saturation
d all of the above
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