Multiple Choice
You have been told that a company increased its marketing effort from $3 million to $5 million,resulting in increased sales revenue from $10 million to $20 million.Calculate the company's ratio of incremental sales revenue to incremental marketing effort.
A) 4:1
B) 1:5
C) 5:1
D) 1:4
E) 5:1.5
Correct Answer:
Verified
Correct Answer:
Verified
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