Answer:
B. consumption bundles
Explanation:
Customer preference is defined as the likes and dislikes that a customer has that determines his choice in making purchases.
For exams a customer may want to buy shoes that are black in colour, but shoes that are yellow in colour are ignored.
Preferences of buyers are independent not prices and income level.
Rather it is dependent on consumption bundle. That is the set of goods that will give highest satisfaction to the buyer.
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Answer:
D
Explanation:
Both jurisdiction over the Wizard internet and jurisdiction over the subject matter of the lawsuit.
Salespeople called<u> inside order takers(AKA salesclerks, order clerks)</u> typically answer simple questions, take orders, and complete transactions with customers.
Inside order takers (aka order clerks, salesclerks) usually answer simple questions, take orders, and entire transactions with clients regularly employed by means of organizations that use inbound telemarketing: the usage of toll-unfastened cellphone numbers that clients can call to achieve facts about merchandise, services, and to make purchases.
Inside order, takers is a salesperson who writes up sales orders at an income counter, or those forwarded to the organization by using telephone, but isn't always required to sell persuasively to customers. Outside order takers is a salesperson who visits customers to write up orders but isn't always chargeable for persuading them to buy.
In income, an order taker is a person who addresses purchaser inquiries (also referred to as orders) but does no longer proactively have interaction in sports that could boom income, consisting of finding new possibilities or upselling to existing clients.
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Answer:
1. A monopolistically competitive firm may be able to distinguish itself from other firms by adjusting the physical attributes of its product, by offering a distinctive level of service, or by selecting a convenient location.- True
2.Product differentiation enables a monopolistically competitive firm to have some control over the price of its product- True
3.In the long run each monopolistically competitive firm produces a level of output that results in allocative efficiency.- False
4. In the long run each monopolistically competitive firm produces a level of output that results in productive efficiency- False
5.To maintain a competitive edge and earn economic profits, a monopolistically competitive firm has an incentive to improve its product. -True
6. Compared with purely competitive markets, under monoplistic competition consumers with a diversity of tastes can benefit from the opportunity to choose from a greater range of products and services. -True
7.In order to maximize its profits, each monopolistically competitive firm must determine the price of its product, how to differentiate its product, and how much it will spend on advertising.True
Explanation:
