The Aspect of a Good in Which One Person's Increased

question 119

Multiple Choice

The aspect of a good in which one person's increased consumption of it does not decrease the amount available for consumption by others is called

• A)exclusiveness.
• B)nonexcludability.
• C)rivalry.
• D)nonrivalry.
• E)excludability.

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Definitions:

Cross-selling

The strategy of selling additional products or services to an existing customer based on their previous purchases.

Downselling

A sales strategy where a seller offers a more affordable or lesser alternative to a product the customer initially showed interest in.

Upselling

A sales technique where a seller induces the customer to purchase more expensive items or add-ons for an upgrade.

Managing Data

The process of acquiring, validating, storing, protecting, and processing required data to ensure the accessibility, reliability, and timeliness of the data for its users.