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Discuss the challenges of training a global sales force.What are some miscommunications that can occur?
Quantity Demanded
The amount of a good or service that consumers are willing and able to purchase at a given price.
Price Ceiling
A legal limit on how high the price of a product can be charged in the market.
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service and the actual amount they do pay.
Producer Surplus
The difference between the amount producers are willing to sell a good for and the actual amount they receive by selling it at the market price.
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