Which of the Factors Used to Develop Mutual Trust Between

question 43

Multiple Choice

Which of the factors used to develop mutual trust between a buyer and a seller is LEAST important?

• A)dependability
• B)honesty
• C)likeability
• D)a customer orientation
• E)competence

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Definitions:

Market Price

The ongoing rate at which an asset or service is offered for buying or selling in a certain market.

Short Run

A period in economics during which at least one input or resource is fixed, limiting immediate capacity adjustments.

Zero Economic Profit

A condition in which a firm's total revenue equals its total costs, implying normal profit but no excess profit over what is considered normal in the industry.

Long Run

A period in economics where all factors of production and costs are variable, and firms can adjust all inputs as needed.