The "how" of marketing planning is known as marketing implementation.

A _________________ is a formal written statement of management's plans expressed in financial terms.

When marginal revenue is equal to marginal cost,the monopolist

A) should increase output to maximize profits
B) will maximize profits or minimize losses
C) will produce where price = ATC

Businesses differ from nonprofit organizations in that a business's focus is on:

A) profit.
B) goods.
C) price.
D) charity.
E) fund raising.

During June, Montera Clinic budgeted for 3,800 patient-visits, but its actual level of activity was 3,400 patient-visits.Revenue should be $25.20 per patient-visit.Personnel expenses should be $22,600 per month plus $7.00 per patient-visit.Medical supplies should be $800 per month plus $4.80 per patient-visit.Occupancy expenses should be $6,900 per month plus $0.90 per patient-visit.Administrative expenses should be $4,800 per month plus $0.40 per patient-visit.
Required:
Prepare the clinic's flexible budget for June based on the actual level of activity for the month.

Motivation is the reason an individual takes an action in satisfying some need.