Computerized Sales Are Growing as a Method of Sales for Most

question 62

True/False

Computerized sales are growing as a method of sales for most companies despite the fact that they cost a company more per sale than inside sales representatives do.

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Definitions:

Monopolistically Competitive

A market structure characterized by many firms selling products that are substitutes but not perfect substitutes, leading to some degree of market power for each firm.

Fixed Costs

Costs that do not change with the level of output produced, such as rent, salaries, and loan repayments.

Short Run

A period in which at least one of a firm's inputs is fixed and cannot be changed.

Monopolistically Competitive

A market structure with many firms selling products that are substitutes but differentiated enough that each firm's product has its own demand.