A Resource Is Not Scarce If

question 97

Multiple Choice

A resource is not scarce if

• A)there is more of this resource than people want.
• B)it can be found in any store.
• C)people have enough money to pay for it.
• D)it has a low opportunity cost.
• E)its supply exceeds its demand.

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Definitions:

Customer Interaction

The communication and engagement between a business and its customers, ranging from service inquiries to the purchase process.

Simplist Principles

Fundamental rules or guidelines that are intentionally uncomplicated and straightforward.

Customer Needs

The wants, expectations, and requirements of consumers that businesses aim to fulfill with their products or services.

Empathy

The ability to understand and share the feelings of another from their perspective; often described as putting oneself in another's shoes.