Paid personal communication that seeks to inform customers and persuade them to purchase products in an exchange situation is

1 answer:

8 0

Paid personal communication that seeks to inform customers and persuade them to purchase products in an exchange situation is Personal selling.

What is personal selling?

In order to influence a customer's buying choice, personal selling is a personalized sales technique that involves direct communication between a sales representative and potential customers.
Globalization, the rise of the internet, and the emergence of social media, however, have made personal selling only one of many selling and marketing strategies.
The selling strategy might not be as popular as it once was. Yet there are so many businesses that significantly rely on this approach to selling.

What are the objectives of personal selling?

Building strong, long-lasting relationships with consumers.
Boosting demand for the offering.
Increasing sales.
Supporting the customers.

Learn more about the personal selling with the help of the given link:

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When marginal revenue is equal to the marginal cost, then the firm should increase the level of production to maximize its profit.

Marginal revenue simply means the increase in revenue that a company makes as a result of selling an additional output of good. Marginal cost is the cost that a company incurs for production of one extra unit of good.

It should be noted that when the marginal cost if a firm is more than the marginal revenue, it means that the firm is producing too much.

When the marginal revenue of the firm equals the marginal cost, then the firm should maximize its profit.

The correct option is A.

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