Janice Is a Salesperson at a Local Computer Store

question 2

Multiple Choice

Janice is a salesperson at a local computer store.She offers buyers a discount of $100 if they provide her with the contact details of people who want to buy computers or computer-related accessories.In this case,Janice wants these people to act as her:

• A) leads.
• B) spotters.
• C) prospects.
• D) gatekeepers.
• E) evangelists.

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Definitions:

Clean Up

The process of removing contaminants, waste, or undesirable items from an area, thus restoring it to its original or acceptable condition.

Moral Hazard

The situation where one party takes on risk because they know that another party will bear the consequences.

Adverse Selection

A situation in insurance and markets where higher-risk individuals are more likely to select and use insurance or services, potentially leading to market inefficiencies.

Externalities

Economic side effects or consequences that affect uninvolved third parties; can be positive or negative.